When cyber security threats grab headlines in the United States, suspicion often falls on actors from rival states, like Russia and China. In December, for instance, U.S. cybersecurity firms blamed Chinese government-sponsored hackers for exploiting a recently uncovered critical vulnerability in computer server software.
Data: Feitian annual reports
But there is one Chinese cybersecurity firm whose gear is aimed at improving digital security for American and global consumers — Feitian Technologies. In 2018, Beijing-based Feitian formed a partnership with Google to produce the Titan security key, a USB-like device that provides two-factor authentication services. Feitian also sells to Microsoft, J.P. Morgan and Softbank.S&P Capital IQ says it has also sold to Intel. And in China, its clients include the big four state-owned banks and the National Administration of State Secret Protection, which is charged with protecting China's classified secrets.
And yet, while winning
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When Ken Wilcox, a former CEO of Silicon Valley Bank, moved to Shanghai in 2011, he was optimistic and eager to start up the bank's new joint venture in China. A decade later, however, he is extremely cynical about U.S. business interests in China. While analysts will, rightly, be debating SVB's missteps in the U.S. for the foreseeable future, Wilcox insists the bank's challenges in China should not be overlooked.
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