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Get this a US security firm claims it has traced some of the most extensive cyber attacks in recent history.
Toward the Chinese military unit in Shanghai.
According to the Virginia based firm the military unit from China is likely operating out of a twelve story building.
Has hundreds of employees and is -- more than 100 American organizations ranging from IT and telecommunications to aerospace and energy.
Chinese officials today strongly deny the -- -- accusations.
Even said we're doing it to them.
US officials wouldn't comment on the specifics of the report but they have repeatedly expressed concerns about the growing cyber threat out of China.
Catherine Herridge with a news she's live in Washington what are we learning about the details of this Katherine.
Let's -- this report is so highly charged because it names names that the electronic trail leads back to the Chinese military.
And is specifically cites that nondescript building on the outskirts of Shanghai.
Which -- is a Chinese cyber espionage unit which is a division of the People's Liberation Army.
We're doing these thousands of intrusion investigations a hundred plus companies and its lead us right back to the -- neighborhood it didn't take much but one and one together.
Known as -- as 6139.
-- considered a state secret by the Chinese.
The report says that it allegedly ripped off more than a 140 companies simply to give China the edge in business as well as in research and development shop.
If they rip off all of our ideas and steal the things that make us unique as a nation.
Then that can cost us billions and billions and billions of dollars what's the US have to say about there.
Well the most recent estimate is upwards of 300 billion dollars in trade secrets were stolen.
By the Chinese from the US last year and analysts say that the intensity.
Of these cyber assaults with the backing and direction of the military and Communist Party.
Is now reaching a point where it -- in -- impact US Chinese relations at the State Department briefing they would not go that far.
We've also regularly.
And repeatedly raised our concerns at the highest level.
With the Chinese Government about cyber threat.
Theft that means.
The president has -- we have.
The president trying to correct.
On the left the White House speak to the president's conversation.
In a statement the Chinese foreign minister said we have stressed many times that hacking attacks -- trans national an anonymous.
And determining their origins is extremely difficult we don't know how the evidence in the so called report.
Can be tenable I would note that both -- the State Department today and -- with the White House.
When they were asked about the highly charged findings in this report they both read from prepared statements and that is always a sign.
Of how sensitively.
The administration is approaching the issue each heroic effort here to Washington Catherine thanks let's bring in.
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