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Chinese Hacking Charges Explained

May 20, 2014

U.S. Attorney General Eric Holder announced Monday that members of the Chinese military allegedly engaged in the hacking of American businesses, including U.S. Steel Corp., Westinghouse, Alcoa, Allegheny Technologies, the United Steel Workers Union and SolarWorld.

The 31-count indictment by a feral grand jury in Pennsylvania charges that the hackers stole trade secrets that would have been "particularly beneficial to Chinese companies at the time that they were stolen," Holder said .

China’s foreign ministry has denied the federal charges, the BBC reports.

Watch the video above for the details.

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