“Even 10, 20 years ago, you would have still been confident to say that NSA or GCHQ held capabilities that surpassed private sector capabilities, and that is emphatically no longer the case”
I’m not reassured.
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Private companies and state sponsored companies have blurred lines these days, I cannot think that Huawei/CCP, Pegasus/Mossad(?) Cisco+MSFT/USgovtIntel are too much disconnected. EU for sure have the same apparatus.