US Intelligence Agency Accuses China, Russia of Cyber Espionage

American intelligence agency, on Thursday warned the US congress that, the governments of Russia and China are stealing various important technologies available over the internet and it has turned into a national policy for these countries.

In a report, the intelligence agency alleged that these two countries are most active in conducting economic cyber-espionage of many US companies. The same report marked Chinese "actors" as well as Russian intelligence as prime culprits of cyber spying.

US national counterintelligence executive, Robert Bryant, described online spying as "a quiet menace to our economy" reported BBC.

The agency which primarily focuses on espionage that takes place against US, Office of the National Counterintelligence Executive, reported on their official website that every year more than ten billion dollars of technology, secrets of trade and intellectual property are channelled from American government agencies' computer systems.

According to a report by the National Science Foundation, US government spent $398 billion in 2008 on research and development activities that takes place in various industries as well as universities. However, there is no proper record that depicts how much of these is stolen via cyber spying.

Embassies of both China and Russia, on the other hand, have denied these allegations levied against them.