Mention the nation of China to most insurers and you’ll see them salivate like Pavlov’s dog over the prospect of selling insurance to more than a billion people. Now that’s all well and good for the sales report, but what about the fact that China seems to pop up again and again in connection with reports of cyber crime against the United States?

In the latest incident, a front-page article in The Wall Street Journal last week reported that cyber-spies from China and Russia have penetrated the U.S. electrical grid, leaving behind dangerous software that could be used to disrupt the system.

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