>> We are here to announce the next set of criminal charges and progressive prosecutions aimed at protecting our nation's intellectual property from China based cyberattacks.>> The U.S. Department of Justice on Monday accused three men in China of cyber espionage against three multinational companies. The indictment alleges the hackers worked for an Internet security firm called Guangzhou Bo Yu Information Technology Company, or Boyusec.
Prosecutors say the men sought valuable intellectual property from three high profile targets. Reuters corresponded Jim Finkle, covers cyber security.>> They did talk about the targets, and one of them was Moody's Analytics, and they said that the hackers went into the email of a prominent economist. Somebody at Moody's who's opinions about the markets and economy are influential.
And maybe they could get a sense of what this economist was gonna say. And I forwarded every email from that person's email box to a server that they controlled. So they actually had a really tremendous insight into what this person was thinking.>> The hackers also allegedly stole 207 gigabytes of commercial data from manufacturing giant Siemens AG, and they targeted a firm called Trimble, developer of GPS technology.
Arrest warrants have been issued for the three men.>> What this indictment does is it makes it very difficult for these individuals to travel outside of China to countries that have extradition treaties with the United States. Which is a lot of the nice places in the world to visit.
>> The Justice Department said they do not believe the hackers in this case to be state-sponsored. But sources tell Reuters they believe the hackers in this case have links to a cyber warfare unit of the People's Liberation Army of China, a unit that's been linked to cyber espionage attacks in the U.S. before.