The Threat Of Foreign Economic Espionage To U S Corporations

Publisher Description

The subcommittee is meeting today to hear testimony regarding economic espionage and its threat to American jobs and homeland security. Over the last 2 years, we have examined many threats to the U.S. homeland. However, today's hearing provides an opportunity, a unique opportunity, for Members on the subcommittee to examine an issue that affects both National security and American competitiveness and job security. This is an issue that touches small and medium-sized businesses in Congressional districts all across America. Foreign economic and industrial espionage against the United States represents a significant and growing threat to the Nation's prosperity, American jobs, and National security.

"Information can make the difference between success and failure in business. Lose a trade secret to a competitor, and you lose the edge your product had. Lose a client list, and you lose the account. Lose too much, and you're out of business. American firms lose as much as $100 billion a year to corporate espionage. Yours may be one of them." "You can protect yourself. You don't have to invest in expensive counter-measures, and you don't have to disrupt your operations. But you do have to change the way you do business. Information security expert Ira Winkler shows you how, with simple, practical solutions that can increase your safety and protect your profits." "You'll learn how to safeguard your sensitive information without sacrificing a friendly workplace; hire trustworthy employees and keep them loyal; burglar-proof your documents, equipment, and building; and use technology to detect and prevent theft."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

Although every country seeks out information on other nations, China is the leading threat when it comes to the theft of intellectual assets, including inventions, patents, and R&D secrets. Trade Secret Theft, Industrial Espionage, and the China Threat provides an overview of economic espionage as practiced by a range of nations from around the world—focusing on the mass scale in which information is being taken for China's growth and development. Supplying a current look at espionage, the book details the specific types of information China has targeted for its collection efforts in the past. It explains what China does to prepare for its massive collection efforts and describes what has been learned about China's efforts during various Congressional hearings, with expert advice and details from both the FBI and other government agencies. This book is the product of hundreds of hours of research, with material, both primary and secondary, reviewed, studied, and gleaned from numerous sources, including White House documentation and various government agencies. Within the text, you will learn the rationale and techniques used to obtain information in the past. You will see a bit of history over centuries where espionage has played a role in the economy of various countries and view some cases that have come to light when individuals were caught. The book supplies an understanding of how the economy of a nation can prosper or suffer, depending on whether that nation is protecting its intellectual property, or whether it is stealing such property for its own use. The text concludes by outlining specific measures that corporations and their employees can practice to protect their information and assets, both at home and abroad.

The threats of economic espionage and intellectual property (IP) theft are global, stealthy, insidious, and increasingly common. According to the U.S. Commerce Department, IP theft is estimated to top $250 billion annually and also costs the United States approximately 750,000 jobs. The International Chamber of Commerce puts the global fiscal loss at more than $600 billion a year. Secrets Stolen, Fortunes Lost offers both a fascinating journey into the underside of the Information Age, geopolitics, and global economy, shedding new light on corporate hacking, industrial espionage, counterfeiting and piracy, organized crime and related problems, and a comprehensive guide to developing a world-class defense against these threats. You will learn what you need to know about this dynamic global phenomenon (how it happens, what it costs, how to build an effective program to mitigate risk and how corporate culture determines your success), as well as how to deliver the message to the boardroom and the workforce as a whole. This book serves as an invaluable reservoir of ideas and energy to draw on as you develop a winning security strategy to overcome this formidable challenge. • It’s Not “Someone Else’s Problem: Your Enterprise is at Risk Identify the dangers associated with intellectual property theft and economic espionage • The Threat Comes from Many Sources Describes the types of attackers, threat vectors, and modes of attack • The Threat is Real Explore case studies of real-world incidents in stark relief • How to Defend Your Enterprise Identify all aspects of a comprehensive program to tackle such threats and risks • How to Deliver the Message: Awareness and Education Adaptable content (awareness and education materials, policy language, briefing material, presentations, and assessment tools) that you can incorporate into your security program now

Uncovers and describes in detail the alarming regularity of espionage in industry.