Richard Clarke, a former cybersecurity and cyberterrorism advisor for the White House, was a US government employee for 30 years: between 1973 and 2003.

Summary: Cybersecurity advisor Richard Clarke is warning the US that its major companies are being regularly infiltrated by Chinese hackers employed by the Chinese government to steal RD.

He may not be working under current US president Barack Obama, but that doesn’t mean he doesn’t have something to warning about.

He says state sanctioned Chinese hackers are stealing R&D from US companies, threatening the long term competitiveness of America.

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Our greatest fear is that, rather than having a cyber Pearl Harbor event, we will instead have this death of a thousand cuts.

Mr Hao of Asian American, who also holds United States citizenship, recruited financial support from China Development Industrial Bank, a Taiwanese lender that had agreed to underwrite the joint bid.

Clarke notes that while the US government is involved in espionage against other governments, it doesn’t hack Chinese companies and then hand over intelligence to their American counterparts.

Clarke’s most famous warning came 10 weeks in advance of the events of 9/11: on July 5, 2001.

Rupert Dresser is a business journalist based in Adelaide, Australia. Rupert has a passion for financial markets and breaking news stories and loves writing about business news, stock market, and economic opinions that matters most to its audience. Rupert spends a lot of time discovering and researching latest financial markets and industry news stories in order to make sure the latest and greatest stories are brought to you first on BigBoardNews.com.