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China’s 400,000-plus criminal hackers are estimated to cost its economy $15 billion a year

4 weeks ago
Sky Canaves
recent PwC survey of CEOs and IT directors in Hong Kong and mainland China saw a reported 417 percent increase in "detected security incidents" from the previous year. Meanwhile, Chinese restrictions on encryption technology make it more difficult for consumers and companies to protect themselves.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.