Thursday, April 7, 2011

China and Russia fingered in German industrial espionage alert

Berlin - Industrial espionage by China and Russia is becoming easier thanks to computer hacking, officials warned German business leaders on Thursday, adding that police need data logs to track computer break-ins.

A conference heard that the annual cost to German companies of data theft was at least 20 billion euros (nearly 30 billion dollars).

However it is often easier to simply buy corporate secrets from disloyal employees.

Ole Schroeder, a senior Interior Ministry official, said that in 70 per cent of known cases, staff who hated their employer or were angry that they were likely to lose their jobs were behind the leaks.


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