This week is the Worldwide Cybersecurity Summit in Texas, that has attracted policy makers, academics and cyber professionals from numerous countries to open up dialogue towards an international solution to the cyber problem. On Tuesday, Liu Zhengrong, deputy director-general of the Internet Affairs Bureau in China’s State Council Information Office, claimed that China was a victim of cyber crime.
When most people discuss cybersecurity issues, particularly cyber espionage and cyber crime, China is often pointed to as one of the chief culprits. However, China is also a victim, in addition to being an attacker.
According to Liu, the Chinese government received 48,000 complaints of cyber crime activity last year, which represents an increase of over 35 percent from the previous year.
He also estimates that China is losing at least $1 billion per year as a result of cyber crime.
“China has become one of the major victims, suffering huge losses,” Liu said.
The United States is also purported to be losing billions of dollars annually to cyber crime. During a panel discussion in March, Gary Warner, director of research in computer forensics at the University of Alabama at Birmingham, said that “Just one of the Zeus controllers steals about $10 million a week from the United States.”