RED CHINA – RED ALERT – CHINA THE MAIN ECONOMIC ESPIONAGE THREAT TO UNITED STATES

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RED CHINA – RED ALERT – CHINA THE MAIN ECONOMIC ESPIONAGE THREAT TO UNITED STATES

Red China’s spying is not limited to stealing military secrets. Red China poses most serious threat to Americans because Red China is stealing Intellectual Property, and is causing economic loss of hundreds of billions dollars. Military can defend vital national security interests in spite of Enemy’s spying. The loss of Trade Secrets robs economic vitality and productivity of United States and it is not easy to defend economic interests as Enemy robs, steals, and plunders without firing a bullet.

Rudranarasimham Rebbapragada
Ann Arbor, MI 48104-4162, USA
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THE ECONOMIC TIMES

CHINA THE MAIN ECONOMIC ESPIONAGE THREAT TO US: FBI


By PTI | 26 Jul, 2015, 02.44PM IST

Coleman said there has been a 53 per cent increase in economic espionage
cases, or the theft of trade secrets leading to the loss of hundreds of
billions of dollars.

WASHINGTON: The US has witnessed a 53 per cent spike in economic espionage
cases aimed at American firms, with a vast majority of the perpetrators
originating from China with ties to the government, the FBI said.

The head of the Federal Bureau of Investigation’s counterintelligence
division, Randall Coleman, said there has been a 53 per cent 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.

Coleman said at a recent briefing that state-sanctioned corporate theft by
China is at the core of the problem.

Coleman said that China is the most predominant threat facing the US from
the standpoint of economic espionage.

He cited examples of large corporations successfully targeted in the past
such as DuPont, Lockheed Martin and Valspar, who have since worked with the
FBI to further safeguard their intellectual property.

To highlight this growing threat to the US economy, the FBI has launched a
nationwide campaign intended to warn industry leaders of the danger they
face from foreign actors. But the FBI not only considers this a threat to
American economic prosperity, but to its physical security as well.

“Economic security is national security,” said Bill Evanina, the head of the
National Counterintelligence and Security Center and one of the agents
leading the charge in stemming the threat to corporations. Many of the tools
used are the same as the ones used to track terrorists, he said.

Half of the 165 private companies that participated in a survey conducted by
the FBI have claimed to be victims of economic espionage or theft of trade
secrets, and 95 per cent of those attempts originated from individuals
associated with the Chinese government, CNN reported.

One of the most concerning means of obtaining sensitive industry secrets is
through the use of “insider threats,” or employees who are familiar with the
inner workings of a particular technology being recruited by foreign agents
in exchange for large amounts of cash.

The FBI continues to see spear phishing attempts, when an email or link
appears legitimate but is in fact a bogus message intended on tricking
recipients into offering up personal information. Social media and sites
like LinkedIn are also being utilised in economic espionage where potential
recruits can be found and contacted based on relevant knowledge and work
experience, officials said.

“The Chinese government plays a significant role” in economic espionage,
Evanina said. “The playing field is not level” when a single company faced
with relentless targeting by individuals or entities who have the backing of
a foreign government, he said.

Other big targets for economic spies are specifications for US military
technology and proprietary information on everything from superconductors to
seed-and-grain hybrids.

“It’s across the board,” said Dean Chappell, a section chief in the FBI’s
counterintelligence division. “It’s not high-end avionics for military
aircraft; it’s not joint strike fighter stuff. It’s all of the things that
we see every day.”

In a change from more traditional modes of economic espionage, such spies
are appearing as non-traditional actors, serving as insider threats within
organisations and institutions, officials say.

William Evanina, head of the National Counterintelligence and Security
Center, said such individuals have been observed in the US serving as
professors, engineers, travelling students and businessmen.

Officials also warn of cyber tactics used to hijack intellectual property
and trade secrets.

In particular, actors, predominantly from China, are known to employ mass
spear-phishing campaigns to coax employees inside companies into clicking
tainted links or attachments, Fox News reported.

If successful, the actor could get critical data off of the organisation’s
computer network.

China in particular has been publicly outed on multiple occasions by the
Obama administration for its efforts geared toward breaching private sector
interest.

US economists blame China for contributing to an increasingly uneven playing
field on the world economic scene.

“To sustain its phenomenal growth rate, China must employ cyberattacks to
steal information,” said Scott Borg, director and chief economist of US
Cyber Consequences Unit, a non- profit research institute.

“Cyberattacks stealing competitively important business information are a
fundamental part of the national economic development strategy of China. For
this reason, getting China to moderate this behaviour will be extremely
difficult,” Borg said.

As a result, The FBI has announced a nationwide awareness campaign and
continues to develop relationships within U.S. industry.

The agency has provided over 1,300 in-person briefings on the economic
espionage threat to companies and industry leaders over the past year, using
a FBI-produced video entitled ‘The Company Man: Protecting America’s
Secrets’, as a training tool.

READ MORE ON » Valspar | US economy | US | united states | Randall Coleman |
obama administration | National Counterintelligence and Security Center


The Economic Times

Copyright © 2015 Bennett, Coleman & Co. Ltd. All rights reserved.

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