Industrial espionage

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Industrial espionage

Reddit Flipboard Editor's Note: The author of the original article "A Harsh Winter for Sinovel and China's Wind Industry," which was later attached to the phishing email in this video, wishes it known that he was not involved in a cyberattack against American Superconductor.

Lesley Stahl is the correspondent. If spying is the world's second oldest profession, the government of China has given it a new, modern-day twist, enlisting an army of spies not to steal military secrets but the trade secrets and intellectual property of American companies.

It's being called "the great brain robbery of America. They're targeting our private companies. And it's not a fair fight. A private company can't compete against the resources of the second largest economy in the world. Lesley Industrial espionage and John Carlin, assistant attorney general for National Security CBS News John Carlin is the assistant attorney general for National Security with responsibility for counterterrorism, cyberattacks and increasingly economic espionage.

This is a serious threat to our national security.

Industrial espionage

I mean, our economy depends on the ability to innovate. And if there's a dedicated nation state who's using its intelligence apparatus to steal day in and day out what we're trying to develop, that poses a serious threat to our country.

What is their ultimate goal, the Chinese government's ultimate goal? They want to develop certain segments of industry and instead of trying to out-innovate, out-research, out-develop, they're choosing to do it through theft. All you have to do, he says, is look at the economic plans published periodically by the Chinese Politburo.

We see them put out the strategic plan, and then we see actions follow that plan. We see intrusion after intrusion on U. Do you have a number of U. It's thousands of actually companies have been hit.

But getting CEOs from those companies to talk is nearly impossible because most of them still have business in China and don't want to be cut out of its huge market. Daniel McGahn, the head of American Superconductor, is an exception. His firm spent years and millions of dollars developing advanced computer software for wind turbines that McGahn says China looted, nearly putting him out of business.

He's talking because he wants to fight back. I'm personally never gonna give this up. Too many lives were affected, too many families were damaged through this. We can never give up on this.

You had to fire people. Out of how many jobs? At the time we were almost Who We Are Lauth Investigations International is a family owned and operated private investigation firm providing solutions to corporations, attorneys and consumers for more than 30 years.

The Great Brain Robbery. Economic espionage sponsored by the Chinese government is costing U.S. corporations hundreds of billions of dollars and more than two million jobs. Industrial espionage is the illegal and unethical theft of business trade secrets for use by a competitor to achieve a competitive advantage.

espionage - Translation to Spanish, pronunciation, and forum discussions. "Cyberspace" is the term used to describe the electronic medium of digital networks used to store, modify and communicate information. It includes the Internet but also other information systems that support businesses, infrastructure and services.

Feb 08,  · In the s, Wen Chyu Liu, aka David W. Liou, came to the United States from China as a graduate student. In , Liu started working as a .

Industrial espionage
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