CybersecurityPolicy

Chinese State Hackers Target Russian Tech Firm Despite Strategic Alliance

A Chinese state-sponsored hacking group has reportedly compromised a Russian technology firm, according to new cybersecurity research. The breach lasted five months and allowed access to critical software development systems.

Unexpected Cyber Espionage Operation

Security researchers have uncovered what appears to be a significant breach of a Russian technology company by Chinese state-sponsored hackers, despite the perceived geopolitical alignment between Russia and China. According to reports from cybersecurity firm Symantec, the hacking group known as Jewelbug successfully infiltrated a Russian IT service provider’s network and maintained access for approximately five months.

BusinessCybersecurity

F5 Stock Plummets 12% Following Nation-State Cybersecurity Breach Disclosure

F5 shares experienced their worst trading day since April 2022 after the cybersecurity company disclosed a breach by a “highly sophisticated nation-state threat actor.” The attack compromised F5’s BIG-IP product development environment, accessing source code and vulnerability information. According to reports, Chinese state-backed hackers are believed responsible for the intrusion.

Major Cybersecurity Firm Hit by Sophisticated Attack

U.S. cybersecurity company F5 saw its stock plunge 12% on Thursday following disclosure that a “highly sophisticated nation-state threat actor” gained extended access to company systems. The decline reportedly marks the stock’s worst performance since April 27, 2022, when shares fell 12.8%, according to market analysis.