Political Risk

FBI sees sharp rise in economic espionage cases

“The FBI has seen a sharp rise in economic espionage cases aimed at U.S. companies, with a vast majority of the perpetrators originating from China with ties to the nation’s government, authorities said Thursday.

At a briefing at the FBI’s Washington headquarters, the head of the agency’s counterintelligence division, Randall Coleman, said the bureau has seen a 53% increase in economic espionage cases, or the theft of trade secrets leading to the loss of hundreds of billions of dollars, over the past year. He cited examples of large corporations successfully targeted in the past such as DuPont, Lockheed Martin and Valspar, who have since worked with the bureau to further safeguard their intellectual property.”

Source: FBI sees sharp rise in economic espionage cases – CNNPolitics.com

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