IBM to Be Investigated By China After Snowden Revelations and 2 Other Dow Movers to Watch
International Business Machines Corp. (NYSE:IBM): Current price $185.99
Shanghai Securities News said on Friday that China’s Ministry of Public Security and a cabinet-level research center are getting ready to investigate IBM Corp., Oracle Corp., and EMC Corp. regarding security questions. This report is subsequent to revelations by the former United States spy agency contractor Edward Snowden pertaining to widespread surveillance, including PRISM, by the National Security Agency and his claim that the agency hacked into critical network infrastructure at universities in China and Hong Kong.
Documents leaked by Snowden revealed that the NSA has accessed large amounts of Internet data like emails, chat rooms, and video from large firms such as Facebook and Google under the government program.