28 November 2011

China's Cyber Threat A High-Stakes Spy Game

The cloak-and-dagger world of corporate espionage is alive and well, and China seems to have the advantage. Their cyber-espionage program is becoming more and more effective at swiping information from America's public and private sectors. The U.S. government has even blamed China publicly for hacking American industries.

The technology and defense industries are the most vulnerable, Lewis says. Those industries are areas China has identified that the nation needs to grow, but Chinese hackers have even broken into and stolen plans from American furniture manufacturers.

New estimates put losses from intellectual property espionage at about a trillion dollars a year, Rogers says. And he says U.S. companies that deal in intellectual property fall into two camps: those that know they've been hacked and those that don't know.

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