# Wray, McCallum Warn Business Leaders on China

Published: 2022-07-06 · Severity: low · Sectors: technology, defense, government-national
Canonical: https://vorant.io/reports/ffb4f218-1994-5b06-b0c9-e1623d8dce5d/wray-mccallum-warn-business-leaders-on-china

> FBI Director Wray and MI5's McCallum jointly warned UK business and academic leaders about Chinese government economic espionage and IP theft.

FBI Director Christopher Wray and UK MI5 Director General Ken McCallum held a joint public session in London with business and academic leaders to warn about the threat posed by the Chinese government to corporate secrets, technology, and research. The event marked the first time the two agency heads have publicly addressed a shared threat together in front of an industry audience, reflecting a broader push to strengthen US-UK cooperation against Chinese state-sponsored economic espionage.

Both officials characterized the Chinese Communist Party's practice of hacking and stealing proprietary information as a longstanding, ongoing risk, urging companies to weigh the loss of technological advantage against the perceived benefits of partnering with Chinese firms or markets. The message emphasized information-sharing between government and the private sector as a means for companies to make informed risk decisions, rather than detailing any specific incident, campaign, or technical intrusion.

This article is primarily a policy and awareness piece rather than a technical threat report. It contains no indicators of compromise, malware, or specific vulnerabilities, and describes general concern about Chinese state-linked economic espionage rather than a particular cyber campaign or intrusion set.

## Mentioned in this report

- Threat actors: China (state-sponsored)

Source reporting: https://www.fbi.gov/news/stories/director-visits-united-kingdom-for-meetings-with-uk-counterparts-070622

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