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Chinese equities subdued after long break for lunar new year holiday

The FBI is “laser focused” on Chinese efforts to insert malicious software code into computer networks in ways that could disrupt critical US infrastructure, according to the agency’s director Christopher Wray.

Wray said he was acutely concerned about “pre-positioning” of malware. He said the US recently disrupted a Chinese hacking network known as Volt Typhoon that targeted American infrastructure including the electricity grid and water supply, and other targets around the world.

“We’re laser focused on this as a real threat and we’re working with a lot of partners to try to identify it, anticipate it and disrupt it,” Wray said on Sunday after attending the Munich Security Conference.

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