China Says It Is Primarily a Victim of Cyberhacking, Not the Hacker

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Mark Melin
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Updated on

The kid accused on the playground as being the school bully is now saying he is the victim. In the shadow of a May indictment of five Chinese nationals, accused of working in China’s army on cyber espionage missions, China’s “internet tsar” claims that it is China who is the victim of most cyberattacks, the origin of which emulate from the United States. China is the world’s largest victim of cyber-hacking Speaking at a Beijing press conference, Lu Wei, the Chinese “minister of cyberspace,” which is his official title, said China is the “world’s largest victim” of cyberhacking, pointing to…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.