News Corp Suspects China Behind Its Hack

News Corp NWS NWSA believed the China government was behind a recent hack of its computer systems, Bloomberg reports.
News Corp disclosed an unnamed cloud service used by News Corp was the “target of persistent cyberattack activity.”
The company discovered “attack activity” on Jan. 20 on a system used by several businesses, affecting a “limited number” of email accounts and documents that affected Dow Jones, News UK, and the New York Post.
David Wong, vice president of consulting at the cybersecurity firm Mandiant Inc, which is assisting News Corp with its investigation, said his firm believes the attacks “have a China nexus.”
“We believe they are likely involved in espionage activities to collect intelligence to benefit China’s interests,” he said.
Price Action: NWS shares traded lower by 0.71% at $22.38 on the last check Friday.