News of the Cyber World

[kyonides]

Revised Spy Law Enables China to Arbitrarily Acquire IPs to Take Over US

A newly revised spy law enables China to arbitrarily acquire intellectual properties (IPs) to take over the United States, according to cyber security expert Casey Fleming.

On April 26, the Chinese communist regime passed the new version of its anti-espionage law, which will take effect on July 1.

The revision has expanded the definition of espionage, making it broader and vaguer, which increased the range of information and resources that Beijing considers relevant to national security.

For example, the scope of the subject of stealing secrets is expanded to “other documents, data, materials, and items related to national security and interests.”

The newly revised anti-espionage law also classifies selling out to espionage organizations and their agents as espionage, as well as “conducting cyberattacks against state organs, secret-related units, or key information infrastructure.”
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“Companies doing business in China are ordered by Chinese communist law to share all of their data and all of their IP with the Chinese Communist Party. And they’re ordered to work with a sister company in China, which is completely controlled by the CCP, and they are again ordered to turn over all data and intellectual property,” Fleming, CEO of intelligence and security strategy firm BlackOps Partners, recently told the “China in Focus” program on The Epoch Times’ sister media outlet NTD.

“Now think about that. You want us to turn over all of our research, and the Research and Development (R&D), all of our dollars that would cost us to develop that R&D, and to turn it over to our competitor who we know is going to use it against us economically, to produce our products at a much lower price to our customers, but even more so using our data against us in their weaponization of this data to weaken and take over the free world,” he added.
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“The biggest issue is they want to destroy the U.S. economy. They want to move our money, our economy into the Chinese Communist regime to support it. And that happens every time they steal intellectual property, [conduct] semiconductor theft,” he said.
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CBS News cited Bill Evanina, a former top counterintelligence official, who said that the Chinese-built commercial aircraft Comac C919 is “proof” of the Chinese regime’s espionage.

“And now every one of these C919, which is pretty much an exact copy, will take $100 million out of the U.S. economy and the French and EU economy because it’s also competitive with the Airbus 320 and 321. And that will power the CCP,” he said.

If you were ever planning to use CBDC's in Florida, you better think it twice...

DeSantis Signs Bills Banning Central Bank Digital Currency,
Protecting Gun Owner Rights

After a flurry of bill-signing throughout the week, Florida Gov. Ron Desantis signed into law two more measures on May 12—one banning central bank digital currency (CBDC) in the state, and the other protecting the privacy of gun buyers.

Allowing centralized digital currency would give too much power to the federal government, DeSantis said at a press conference in Fort Myers. And credit card companies shouldn’t be able to flag transactions of gun retailers and purchasers, he said, before signing the two bills.

The Biden administration is considering the implementation of CBDC, which is much like cryptocurrency, but controlled by the Federal Reserve. Use of it would quickly lead to a “Big Brother” situation, with the government tracking Americans’ purchases, DeSantis warned.

It was a reference to a fictional tyrant and symbol in the dystopian novel “Nineteen Eighty-Four,” by George Orwell. In the story, “Big Brother is watching you” is a slogan used as a warning to keep inhabitants submissive to the complete control of the totalitarian state described in the 1949 work.

Use of CBDC could lead to the federal government withholding funds, in an effort to fulfill social agendas, DeSantis said. For example, the government may control how much gasoline a person was allowed to buy, or whether someone could purchase a gun.

It could tie the use of money to “social credit scores,” like those used in China, he said. Social credit scores can be used to rank citizens, meting out punishment for unauthorized behavior, and rewarding actions considered good or acceptable.

With the signing of Senate Bill 7054 into law, CBDC was banned in Florida, because the state’s uniform commercial code does not accept it within its definition of money, DeSantis said.

The bill also forbids using CBDCs issued by foreign government reserves and central banks, including China’s digital yuan.

If you think  this is an exaggeration, remember what happened in Canada during the time the truckers were protesting near Ottawa while Trudeau was hiding somewhere else.