China MNS Warns of Crypto Data Leak Scheme

The Ministry of National Security in China is combating a scheme involving the use of crypto to illegally gather sensitive geospatial data.

A comprehensive effort has been launched by the Ministry of National Security of China to resist a plan that involves the use of cryptocurrencies for the illicit collection and sharing of sensitive geospatial data.

Recent investigations have uncovered a worrying pattern in which foreign map companies attempt to recruit consumers from the United States with an offer of cryptocurrency prizes.

In a statement, the China MNS mentioned that several map businesses located outside of China urge users to engage in data collection without their permission.

Consequently, this presents enormous dangers to the national security of China. Attracting individuals to use specific tools for ‘checking in’ on maps is the strategy that these foreign companies employ.

As a form of remuneration, they promise rewards in virtual currency to those who comply with their requests. On the other hand, they are unaware that this task, which appears to be acceptable, actually conceals the illegal gathering of vital information concerning transportation networks, essential infrastructure and military facilities.

In addition, the China Mobile Network Service (CNS) has begun a comprehensive crackdown on this rising threat, as they are aware of the terrible ramifications that such data breaches might have.

To achieve this goal, the MNS has collaborated with the necessary departments. Authorities are actively pursuing harsh legal measures to investigate and address both local and international businesses implicated in the illegal acquisition and export of sensitive geospatial data from China.

The parties concerned have violated regulations by conducting surveying and mapping activities without the necessary authority. The parties concerned violated fundamental provisions detailed in the Counterespionage Law, Surveying and Mapping Law and Data Security Law.

The Chinese Counterespionage Law provides severe penalties for persons, organizations or entities involved in theft, espionage, bribery or the illicit provision of material relating to national security interests.

These crimes are considered to be national security concerns. Operations of this nature commit crimes, whether conducted by foreign corporations or in conjunction with domestic counterparts.

The heightened efforts of the Ministry of National Security in China are further evidence of the nation’s steadfast dedication to protecting its interests. In addition to this, it maintains the integrity of its map data in light of the growing role of cryptocurrency in criminal activity.

The China Ministry of National Security emphasized the critical need for both governmental bodies and the general public to remain vigilant and proactive in identifying and addressing the increasing risks to national security stemming from the misuse of technology and cryptocurrencies.