Join

Enter Details

Comment on stories, receive email newsletters & alerts.

@
This is your permanent identity for Business Insider Australia
Your email must be valid for account activation
Minimum of 8 standard keyboard characters

Subscribe

Email newsletters but will contain a brief summary of our top stories and news alerts.

Forgotten Password

Enter Details


Back to log in

REPORT: Chinese hackers are looking for company secrets in Australian law firms

iStock

Hackers have turned their attention to Australian law firms in a bid to uncover commercially sensitive business information that gives Chinese companies a competitive edge, a leading cybersecurity company claims.

The ABC reports that a Chinese hacking cyber-espionage team known as Codoso, or APT-19, is starting to focus on Australia, looking to pass on any corporate intelligence they find to Chinese companies. Law firms are seen as an easy access point.

Tim Wellsmore, head of threat intelligence Asia Pacific at FireEye and the former cyber security manager at the Australian Crime Commission, said his organisation detected phishing attacks against global law firms in the middle of the year and subsequently discovered a Chinese attack on an unnamed Australian research and development organisation.

“We have been involved in attacks in 2017 by the Chinese on research bodies within Australia and we continue to think this will be a focus for the Chinese in years to come,” he told the ABC.

“There is a lot of research that would put them at a strategic advantage.”

Wellsmore says APT-19 acts in support of Chinese state interests, but it’s not known how closely they’re linked to Beijing.

“Sometimes it is tricky to understand whether they are sitting there in uniforms working directly for the Chinese Government, or if they are sponsored and given resources but operate outside the Government hierarchy,” he said.

You can read more on the ABC story here.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.