ZeroFox Intelligence Flash Report - U.S. Led Trade Restrictions Likely to Increase Espionage Threat

ZeroFox Intelligence Flash Report - U.S. Led Trade Restrictions Likely to Increase Espionage Threat

Product Serial: F-2024-07-18a

TLP:CLEAR

In this Flash Report, ZeroFox researchers highlight the heightened threat technology companies face if the U.S. pursues new trade restrictions against China.

Standing Intelligence Requirements

Deep Dark Web and Criminal Underground

For the most up-to-date list of ZeroFox’s Intelligence Requirements, please visit:

https://cloud.zerofox.com/intelligence/advisories/14956

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Key Findings

• Some of the world’s largest technology companies and global stock markets plummeted in value on July 18, likely because the United States is seeking to enforce a rarely-used rule allowing it to prohibit sales of any foreign-made product with at least some U.S.-made materials to China.
• Restricting access to advanced technologies will likely put China at a competitive disadvantage when it comes to producing emerging technologies vital to its trade-based economy, as well as weapons systems needed for national security.
• China is very likely to retaliate with its own trade restrictions against companies and states that comply with the U.S. restrictions.
• Chinese-backed cyber threat actors are very likely to increase cyber espionage against entities that produce the withheld technology with the goal of creating its own endogenous industries.