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US charges 3 Chinese nationals for trade secret theft

The U.S. has charged three Chinese nationals for hacking the networks of Moody's Analytics Inc., Siemens AG and Trimble Inc. to steal sensitive business information, media reports said Nov. 27.

A federal court in Pittsburgh, Pennsylvania, charged Wu Yingzhuo, Dong Hao and Xia Lei with launching "coordinated and unauthorized" cyberattacks between 2011 and 2017, Reuters reported.

The indictment was filed in September and Beijing is aware of it, prosecutors said. The three live in China and work at Guangzhou Bo Yu Information Technology Co. Ltd., a company based in Guangzhou that offers cybersecurity services.

The acting U.S. attorney in Pittsburgh, Soo Song, said arrest warrants had been issued for the three accused, Reuters reported. They were each charged with eight counts, including conspiring to commit computer fraud and abuse and conspiring to commit trade secret theft, the Financial Times reported. They were charged as individuals, not as state-sponsored hackers, U.S. prosecutors said.

The hackers monitored email correspondence of a Moody's economist, stole data from transportation, technology and energy units at Siemens, and tracked Trimble's progress on a new global navigation satellite system, according to the indictment.

Moody's Analytics said no confidential ratings data had been compromised. Siemens would not comment on internal security matters, while Trimble said no client data was breached.

Representatives for the three defendants and the Guangzhou-based company could not immediately be identified for comment on the charges, Reuters added.