Really? I get nothing for that one??? That shit was FUNNY!!! :) On Nov 1, 2012, at 10:41 AM, bk <[email protected]> wrote:
> > On Nov 1, 2012, at 1:43 AM, Dan Ballance wrote: > >> Hi guys, >> >> I greatly respect the collective knowledge about security matters on this >> list. What do you make of this BBC report? Here in the UK we are seeming >> happy to do business with China, but other countries are blocking over >> alleged security concerns. Do you think these concerns are legitimate or is >> this purely political protectionism? >> >> http://www.bbc.co.uk/news/business-20163907 >> >> _______________________________________________ >> Full-Disclosure - We believe in it. >> Charter: http://lists.grok.org.uk/full-disclosure-charter.html >> Hosted and sponsored by Secunia - http://secunia.com/ > > > There are two main ways businesses are at risk when dealing with China: > > a) Trying to business _in_ China, the authorities won't let you setup shop > directly, but instead force you into a "joint venture" with an established > (and state-supported) Chinese company. In order to make and sell your > products, you have to transfer a lot of intellectual property to the joint > venture. Guess what happens to that intellectual property? Pretty soon there > are multiple Chinese companies making exactly the same thing you make, but > selling for a lot cheaper, and maybe not only in their domestic market. > > b) Deploying Chinese-built infrastructure components in critical areas of > your country. There's a lot of hype about backdoors, but IMO the biggest > practical risk is the technical experts they send to do the support. Do > people do background checks on the support experts they send in who will have > privileged access and debugging capabilities? I doubt it. Maybe they don't > even steal any information directly, but simply file reports on how the > infrastructure is designed and connected. That information alone has > strategic value. > > Related to the original article, simply selling a stake as an investment > doesn't appear to be all that risky. It's a question of what access is > granted as a part of that investment. Do they get access to board members, to > sensitive financial data? If there's no access to non-public data or trade > secrets, then there wouldn't appear to be much risk. > > Are politicians exploiting China-bashing for votes? Absolutely. Just like any > major issue, people are trying to hitch their wagon to it in improbable ways. > That doesn't mean there isn't any truth to it. > > If you're a business going into China, know that their goal will be to > replace you with domestic companies within several years. Don't get bullied > into stretching past your risk tolerance. They're really good at making it > seem like you have a huge opportunity, if only you give in just a little bit > more... > > -- > chort > _______________________________________________ > Full-Disclosure - We believe in it. > Charter: http://lists.grok.org.uk/full-disclosure-charter.html > Hosted and sponsored by Secunia - http://secunia.com/
_______________________________________________ Full-Disclosure - We believe in it. Charter: http://lists.grok.org.uk/full-disclosure-charter.html Hosted and sponsored by Secunia - http://secunia.com/
