Over four decades ago, the FBI became very concerned about the number of foreign attempts to steal not only US government secrets but also business trade secrets and proprietary information. Since then, the threat has grown considerably, and the resources to prevent it have not kept up.
Fast forward to today. The foreign threat is much more aggressive and multidirectional, with no business that makes and sells products – or provide services – exempt or safe. Although China has increased its purchase of US businesses, it continues to steal as much as it can. A vast majority of economic espionage events are attributed to China. Although computer hacking may be preferred, high-value individuals with access to critical information are frequently targeted. The Chinese will also recruit Chinese personnel who have families in China, recruit someone else who has access and knowledge of the targeted organization, and even insert a trained operative if the information is crucial. The FBI puts the total loss to US business interests at tens of billions of dollars a year, and thousands of jobs are lost due to trade-secret theft.
Any business involved in the research and development of new products, software, chemicals, or anything that gives the organization an edge over competition should maintain a very proactive proprietary security program. Such information is the organization’s lifeblood. The theft of trade-secrets is alive and well. It can ruin any company that does not have the processes in place to counter such threats.
Although China has been identified as a primary threat, there are numerous countries that sponsor directly or indirectly computer hacking of US business and government information for their own use or sold to interested parties. It’s a multi-billion dollar business.
25 comments
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