A well-placed Chinese security official has been given a suspended death sentence for taking bribes in exchange for his role in an antivirus software fraud scheme.
Yu Bing, former director of the Internet monitoring department of Beijing’s Public Security Bureau, had his agency send out a “virus warning” telling the public to download software from the company Rising Antivirus, to combat a particular computer virus.
But that virus was itself devised by Rising Antivirus, who bribed Yu to send out an email to drum up business, according to a Dec. 2 First Financial Daily report.
The case is an example of how corrupt Communist Party officials work hand in glove with private companies to help the latter gain an unfair market advantage, then receive kickbacks for the trouble.
The fact that Chinese software companies create the viruses they fight is an open secret in the industry, and something attested to by Yu. It’s also a sound moneymaking strategy and makes good business sense, according to industry insiders interviewed by Chinese media.
Yu Bing, former director of the Internet monitoring department of Beijing’s Public Security Bureau, had his agency send out a “virus warning” telling the public to download software from the company Rising Antivirus, to combat a particular computer virus.
But that virus was itself devised by Rising Antivirus, who bribed Yu to send out an email to drum up business, according to a Dec. 2 First Financial Daily report.
The case is an example of how corrupt Communist Party officials work hand in glove with private companies to help the latter gain an unfair market advantage, then receive kickbacks for the trouble.
The fact that Chinese software companies create the viruses they fight is an open secret in the industry, and something attested to by Yu. It’s also a sound moneymaking strategy and makes good business sense, according to industry insiders interviewed by Chinese media.
Read more
http://www.theepochtimes.com/n2/content/view/47371/
Posts
No comments:
Post a Comment