Source: CNN Business
“Hackers in China have significantly stepped up attacks on US companies as the two countries have clashed over trade and technology. Top cybersecurity firm CrowdStrike saw ‘a big resurgence’ last year in efforts by China-based groups to break into the systems of American businesses for commercial gain – a trend that ‘shows no sign of stopping,’ said Michael Sentonas, the company’s vice president of security technology. The spike in attacks on US targets – which include telecom operators, pharmaceutical firms and hotel chains – is ‘likely tied to increased tensions between the two countries,’ CrowdStrike said in a report published Tuesday. The Chinese government has repeatedly denied any involvement in cyberattacks. Even after US President Donald Trump and Chinese leader Xi Jinping agreed to a truce in the trade war in December, the American government continued to pressure Beijing on cybertheft….Hackers in China are showing particular interest in targeting telecommunications operators around the world. That’s a sensitive issue a time when many governments, under pressure from the United States, are debating whether using Huawei equipment in next-generation wireless networks poses a security risk.”
The risk of loss in the trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and FX involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.