The Asian Age

Oz sees China as key suspect in cyber attacks BSE RANKS AMONG TOP EXCHANGES

- COLIN PACKHAM

Australia views China as the chief suspect in a spate of cyber-attacks of increasing frequency in recent months, three sources familiar with the government's thinking told Reuters on Friday, a suggestion swiftly dismissed by Beijing.

The comments came after Prime Minister Scott Morrison said a "sophistica­ted state-based actor" had spent months trying to hack all levels of the government, political bodies, essential service providers and operators of critical infrastruc­ture.

"We know it is a sophistica­ted state-based cyber actor because of the scale and nature of the targeting," Morrison told reporters but declined to say who Australia believed was responsibl­e.

Three sources briefed on the matter said Australia believed China is responsibl­e, however.

"There is a high degree of confidence that China is behind the attacks," one Australian government source told Reuters, seeking anonymity as he was not authorised to speak to media.

A Chinese foreign ministry spokesman on Friday denied Beijing was involved and said China "firmly opposed all forms of cyber attacks."

Australian intelligen­ce has flagged similariti­es between the recent attacks and a cyber attack on parliament and the three largest political parties in March 2019. Last year, Reuters reported that Australia had quietly concluded China was responsibl­e for that cyberattac­k.

Australia has never publicly identified the source of that attack, however, China denied it was responsibl­e.

As with last year's attack, Australia's chief cyber intelligen­ce agency said on Friday its investigat­ion had found no evidence that the perpetrato­r sought to be "disruptive or destructiv­e" once within the host network.

Morrison said he spoke about the issue with British Prime Minister Boris Johnson on Thursday, while other allies have also received briefings.

Defence minister Linda Reynolds said advice showed no large-scale personal breaches of data resulting from the attack, but urged users to fully update web or email servers with the latest software and use multifacto­r authentica­tion.

An Australian government source said Morrison's public declaratio­n was a bid to flag the issue to potential targets.

A US security ally, Australia strained ties with its largest trading partner, China, by pushing for an internatio­nal inquiry into the source and spread of the coronaviru­s that first emerged in the central Chinese city of Wuhan late last year.

China recently imposed dumping tariffs on Australian barley, suspended some imports of beef and warned its students and tourists against travel to the country, citing racism accusation­s. Two-way trade stood at A$235 billion ($162 billion) last year.

New Delhi, June 19: The BSE figures among the world's 10 largest exchanges in terms of cumulative market capitalisa­tion of all companies listed on its platform, as per the latest data from the World Federation of Exchanges.

The BSE is at the tenth place in the top-10 list, with a market capitalisa­tion of $1.7 trillion.

The New York Stock Exchange tops the chart with a valuation of $19.3 trillion. The Nasdaq comes second with a m-cap of $13.8 trillion.

Others ranked in the list include Tokyo Stock Exchange, placed third with an m-cap of $5.7 trillion, followed by Shanghai Stock Exchange ($4.9 trillion).

—PTI

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