Friday, September 25, 2015

China Is Stealing American Property

Image courtesy of KEKO64 at FreeDigitalPhotos.net
If you suspect your company is the target of corporate espionage, contact ComSec LLC. We offer counterespionage services in the US and globally. Learn more here: http://www.comsecllc.com/


On Friday, communist China’s president Xi Jinping will make a state visit to Washington. Presidential candidates, government agencies and special interest groups are clamoring to have their pet issues added to the discussion agenda. Which ones should President Obama choose?

The 2013 report of the prestigious bipartisan Commission on the Theft of American Intellectual Property certainly indicates that Chinese cyber-theft should top the list. It states, “The scale of international theft of American intellectual property (IP) is unprecedented — hundreds of billions of dollars per year, on the order of the size of U.S. exports to Asia,” and concludes, “China is the world’s largest source of IP theft.” The FBI agrees.

At FBI headquarters in July, the head of FBI counterintelligence, Randall Coleman, said there has been a 53 percent increase in the theft of American trade secrets, thefts that have cost hundreds of billions of dollars in the past year. In an FBI survey of 165 private companies, half of them said they were victims of economic espionage or theft of trade secrets — 95 percent of those cases involved individuals associated with the Chinese government.

Read more: http://dailycaller.com/2015/09/24/china-is-stealing-american-property/#ixzz3mlQHOzHF

No comments: