A rather peculiar story showed up this morning about Coca-Cola was hacked by apparently Chinese infiltrators in advance of an attempted financial takeover.
From Financial Post:
Hackers had broken into the company’s computer systems and were pilfering sensitive files about its attempted US$2.4-billion acquisition of China Huiyuan Juice Group, according to three people familiar with the situation and an internal company document detailing the cyber intrusion. The Huiyuan deal, which collapsed three days later, would have been the largest foreign takeover of a Chinese company at the time.
The rather peculiar part of this is not that the intrusion happened but rather that Coca-Cola said nothing about it to their shareholders. Bit of a misstep to say the least.
This sort of intrusion for financial gain is nothing new. The only thing that has really changed over the years is that they’re using computer systems as opposed to bribing someone on the inside or planting an employee. Troublesome that the company thought that they could just hush up the intrusion. These things do have a way of finding their way back to the surface.
Source: Article Link
(Image used under CC from HeatherKaiser)
