FBI raids Florida office of Chinese credit card reader firm...

FBI raids Florida office of Chinese credit card reader firm suspected of helping cyberattacks in US and EU while Biden bans Chinese phone carrier for spying

• The FBI, Department of Homeland Security, and other agencies raided the offices of PAX, a Chinese point-of-sale manufacturer in Jacksonville
• The Chinese company is one of the largest digital payment providers in the world with more than 60 million devices in use across 120 countries
• US regulators have revoked the authorization for China Telecom's American subsidiary to conduct business in the United States
• The Federal Communications Commission has ordered China Telecom America to discontinue service within 60 days, ending a nearly 20-year operation in US
• FCC cited 'significant' national security risks for CTA and the Chinese government to access, store, disrupt, and/or misroute US communications
• FCC fear CTA continuing in the US would 'allow them to engage in espionage and other harmful activities against the United States'
• China Telecom is China's largest fixed-line operator connecting customers to the internet
• Action undoubtedly ratchets up tensions between the economic superpowers