chinacrackdownChina has long been identified as one of the leading sources of hackers and malware the world over along with Russia and many other countries. Their aims may be for economic and other means yet the country itself is falling victim to it’s generation of computer savvy youth’s armed with the know how and cheaper technology coming in from the West to do more damage it now fears itself from home-based hackers. There have been publicized cases of hackers being caught and prosecuted but the government is taking more steps to prevent such incidents happening from within its borders.
China’s increasing exposure to the rest of the world as it hopes to gain from free-trade with the West may have prompted it to take a more aggressive stance on the matter or simply because they may be facing challenges from within that they used to have under control. malware accounts for millions of dollars of losses in many economic markets in terms of wasted time and effort to get rid of these nasty bits of code. The credit card industry and many others who rely on the internet are being victimized by such malware as identity theft and other related crimes take a grip on many finbancial institutions.