Chinese Spy in Wall Street
So there's a Times article suggesting Chinese spies are everywhere in Silicon Valley:
TIMES : Female spies are waging ‘sex warfare’ to steal Silicon Valley secrets
I've heard the same thing about Chinese spies on Wall Street. Is it true that there are Chinese spies on Wall Street? In large asset management firms such as Blackrock or Fidelity, you will frequently witness a group of Chinese women hanging out together, speaking Chinese at work, communicating in Chinese in internal platform, and utilizing WeChat to discuss work-related information. Many of them had military training from the PLA during their undergraduate years and are members of the Chinese Communist Party when they were in college.
Do you think hiring Chinese workers to work on American accounts exposes us to the possibility of important market data, trading methods, or client information being stolen by China?
I think for sure Wall Street should re-examine its workforce, particularly among those on H1B visas. Can you imagine that if you don't speak Chinese, you'll have trouble completing your job in New York or Los Angeles, where the majority of clients are Americans? These Chinese and Indian mafias are also likely to be spy networks. As a result, skilled Americans will never get those high-paying financial professions since they are perceived as not fitting into the team's "culture" unless they choose China or India to the United States.
If you can't compete intellectually with us, just say that instead of posting conspiracies on a finance forum. And get some bitches, you dork.
RAW is no way capable of even remotely attempting to do this and all its energy is spend fighting the ISI and destablizing Pakistan. Conspiratorial thoughts these days are hollywood like lmao.
Just report it then. If you think those women are suspicious, let the authorities know. They'll handle it appropriately.
Agree. No reason to take the risk.
Jeez.. you have too much time on your hands looking at your post history
definitely report them, just forward me their contact info + pic + cup size, etc. and i'll take care of it for you
Sorry these people told you about their military training and work with the Party?
Or are you just observing some people who happen to be Chinese and insinuating the above?
I’m not denying that spies exist, but I don’t understand what you’re talking about
the chinese are pulling ahead in AI and robotics and nanotechnology. what makes u think they give af how u do LBO models
"Do you think hiring Chinese workers to work on American accounts exposes us to the possibility of important market data..."
lol IMPORTANT MARKET DATA stfu get a life bro
Best response honestly. What's so important about America, anyways (assuming OP's paranoia is in touch with reality)?
Bait used to be believable, if nothing else.
Crippling financial institutions causes massive damage to a nation state. Panic will ensue once the public realizes their bank accounts have been compromised. Why else do you think banks allocate fortunes to cyber security and OPSEC?
That is true, but that isn't the topic of conversation here. The OP is talking about stealing trade secrets and intellectual IP. Which in the finance space is pretty worthless outside of the specific set of circumstances in which it is built in. If I came across the trading algos from Jane Street it wouldn't help me one bit.
Market data in the private and infrastructure sectors is highly sensitive.
ABGs, come find me for wall street secrets.
State actors no longer need to send in people to “infiltrate” an organization now that we live in the cyber age. The most they would need is a “mule” who is paid by the Chinese/Russian/North Korean/Iranian government to have access to the system (doesn’t even need to be root or admin level access) to spy on you or cause massive damage via malware.
Attackers will just use social engineering and phishing emails to get your credentials and will login to your system and plant malware or create a “back door” to have 24/7 access and people won’t notice on average until ~220 days post breach.
Source: I work in cyber security selling IAM security software.
Let's take a step back here, what possible benefit would the Chinese get from stealing a trading algorithim from a financial services firm? Could they spin up their own shop here and use it? Yes, but taking it back to China is pretty pointless considering the market it works on is not China.
The fact this thing is so messily written and he's the first reply to his own post on a 2 day old account - it's bait guys.
Sex warfare? Oh no, that's terrible. Where?
What OP said may be true, but there's no point in posting this on WSO. Instead, report it to the CIA, FBI, DHS, or any relevant authorities. Remember, see something, say something. There's no harm in reporting any allegations—let the professionals investigate and decide.
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