Cybersecurity heavyweight CrowdStrike Holdings (NASDAQ:CRWD) has sounded the alarm over a surge in cyberattacks from Chinese entities, specifically targeting U.S. tech firms to pilfer artificial intelligence technology.
A report by CrowdStrike, released on Tuesday, revealed that over 58% of state-sponsored cyberattacks on tech companies, particularly those possessing AI assets, are emanating from China.
The cybersecurity firm noted, "China-nexus adversaries are escalating espionage against technology organizations to steal the AI capabilities and intellectual property they cannot build fast enough on their own." The report, encompassing events until March 31, suggested that U.S. restrictions on China's access to AI training chips have impeded Beijing's tech advancement.
However, China has been formulating its own AI models to cut operating costs and provide nearly equivalent intelligence.
According to CrowdStrike, China-linked cyber groups continued targeting the technology sector, with SUNRISE PANDA focusing on East and Southeast Asian tech firms, MURKY PANDA launching password-spraying attacks against hundreds of mostly U.S.-based organizations, and WARP PANDA repeatedly exploiting vulnerabilities at North American tech companies to maintain long-term access.
