Tag: Trade secrets

Cyber Espionage and the Digital Redistribution of Wealth

TASTIERA E SOLDATINI

Since the computerization of modern business, intellectual property (IP) theft in the U.S. has escalated to unprecedented levels. According to the former commander of the U.S. Cyber Command General Keith Alexander, the approximate economic loss to the U.S. amounts to

Report: Cybercrime and espionage costs $445 billion annually

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A Washington think tank has estimated the likely annual cost of cybercrime and economic espionage to the world economy at more than $445 billion — or almost 1 percent of global income. The estimate by the Center for Strategic and

What Are the Limits of Legitimate Economic Espionage?

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What are the limits of legitimate economic espionage? The indictment of five PLA officers for stealing U.S. intellectual property brings economic espionage into the same spotlight lately enjoyed by diplomatic cryptography.  The U.S. decision immediately produced a firestorm of criticism

China accuses U.S. of hypocrisy amid charges of economic espionage

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Chinese diplomats in Washington have accused the United States of hypocrisy after authorities in Beijing were charged with economic cyber-espionage earlier this week. Unresolved allegations that the U.S. National Security Agency (NSA) spied on a U.S. company’s Chinese competitor have resurfaced amid

Why is the latest China spy case so significant?

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WASHINGTON — The Obama administration has brought unprecedented criminal charges against five officials in the Chinese military for hacking into private U.S. companies’ systems and stealing trade secrets. It was the first time the U.S. has revealed any evidence the