Chinese cyberattacks show need for security in post-lockdown era
On Wednesday, Australia issued a similar statement. While not mentioning China specifically, Canberra accused “countries” of conducting and supporting cyberattacks under the cover of the Covid-19 crisis.
In response, China ratcheted up its rhetoric against Australia, targeting its most important export: iron ore. This trade dispute could impact UK-listed miners BHP and Rio Tinto if it escalates further.
China is imposing new inspection procedures and rules from 1 June that could ultimately be used to block or delay up Australian shipments of the steel-making ingredient, as customs officials may be required to conduct toxic element checks. A notice was issued that will force investigations on iron ore shipments at the request of the trader or importer.
This is probably not a major issue in the short term for the listed miners – but is more a threat to the Australian government that Beijing won’t tolerate dissent.
Earlier this month, there was an alleged cyberattack on the office of the Western Australian premier Mark McGowan. This is the country’s main iron-ore producing region and has been blamed on actors affiliated with China.
An investigation by Israeli cybersecurity group Check Point has identified the tool used as a weapon developed by a group of hackers called Naikon, previously identified as part of the Chinese military.
