Quote from ASusilovic:
From Finextra.com:
The head of the British security service has sent a confidential letter to more than 300 chief executives and security chiefs at banks, accountants and legal firms warning them of a Web-based attack from state organisations in China.
In an unprecedented move, Jonathan Evans, director general of MI5 has warned business leaders and security chiefs that Chinese state organisations have been carrying out espionage against vital parts of of the UK economy, including the computer systems of financial services firms.
It is thought the letter warns companies of the possible threat from an electronic hack attack by Chinese state organisations, which are designed to defeat IT security systems to gain sensitive information. The letter acknowledges the strong economic and commercial reasons to do business with China, but highlight the need to manage the risks involved.
Some reports state that among the techniques used by Chinese groups are custom trojans which have been designed to hack into computer networks and steal confidential data.
When you see this kind stuff emanating from "intelligence" agencies there is almost always some sort of political agenda, not to mention a job preservation scheme to justify more spending of public money by identifying as many "threats" as possible.
As other posters have noted, you can bet the CIA or NSA, or MI5 or MI6 or your "intelligence" agency of choice get up to all sorts of stuff of this nature. The US, Britian, Australia, Canada and I think New Zealand have been running Echelon for years. There have been more than a few accusations of it being involved in industrial and commercial espionage rather than confining itself to "security" matters. Some of those accusations have come from the EU.
Of course there are also many other black hats out there in the net, ranging from organized crime to teenage hackers in their bedroom getting up to this stuff as well.
But all this is to be ignored, and the Chinese demon to be invoked, just to generate a little mild hysteria.
These PR jobs by 'intelligence" agencies are almost always long on "threats" and very short on facts and sources which of course are conveniently "classified".
Though the posted article doesn't mention it, I read somewhere else that the evidence for these attacks was IP address sourced to some government buildings in Beijing. Really ? Are the Chinese that stupid ? If that really is the case, then it either because the Chinese are deliberately sending some sort of message, or somebody or bodies are freelancing using Chinese Govt facilities. If the Chinese didn't want to be fingered, they sure as hell would not be using IP addresses directly traceable to government facilities.
Finally the CIO of any financial institution that is not ensuring that their organization is engaged in the best security practices deserve to be fired, regardless of the origin of threats whether from organized crime in Russia, Chinese Govt "hackers" or aliens from Mars.
Echelon:
http://en.wikipedia.org/wiki/ECHELON