Holder announces anti-theft plan
Strategy aims to protect trade secrets, fight hacking
WASHINGTON — The Obama administration announced new efforts Wednesday to fight the growing theft of American trade secrets, a broad but relatively restrained response to a rapidly emerging global problem that was brought into sharp focus this week by fresh evidence linking cyberstealing to China's military.
Mentioning China but not specifically targeting that country, Attorney General Eric Holder announced the plan, which includes a new diplomatic push to discourage intellectual property theft abroad along with better coordination at home to help U.S. companies protect themselves.
The administration says indications are that economic espionage is increasing, not only through electronic intrusion over the Internet, but also through the recruitment of former employees of U.S. companies with knowledge of inside trade information.
"Particularly in this time of economic recovery, this work is more important than it ever has been before," Holder said at the White House announcement of the administration's strategy.
"As new technologies have torn down traditional barriers to international business and global commerce, they've also made it easier for criminals to steal trade secrets — and to do so from anywhere in the world," Holder said. "A hacker in China can acquire source code from a software company in Virginia without leaving his or her desk. With a few keystrokes, a terminated or simply unhappy employee of a defense contractor can misappropriate designs, processes and formulas worth billions of dollars."
Earlier this week, a Virginia-based cybersecurity firm, Mandiant, accused a secret Chinese military unit in Shanghai of years of cyberattacks against more than 140 companies, a majority of them American. The accusations and supporting evidence increased pressure on the United States to take more action against the Chinese for what experts say has been years of systematic espionage.
The Chinese government denied being involved in cybertheft, with China's defense minister calling the Mandiant report deeply flawed. China's Foreign Ministry said its country has also been a victim of hacking, much of it traced to the United States.
White House strategy
The administration report announced Wednesday didn't threaten any specific consequences for theft of trade secrets, and no new fines or other trade actions were announced. It included five actions to protect American innovation:
Applying diplomatic pressure by senior officials to foreign leaders to discourage theft
Promoting best practices to help industries protect against theft
Enhancing U.S. law enforcement operations to increase investigations and prosecutions
Reviewing U.S. laws to determine if they need to be strengthened to protect against theft
Beginning a public awareness campaign
— Associated Press
- 'Pay the price or go dark': Going digital a...
- Target data breach: Credit monitoring will...
- Utah unemployment rate hits five-year low
- Bitcoin controversy marks Newsweek's comeback
- Dave Ramsey says: Don't waste your time,...
- Girls who play with Barbie may not see their...
- Doug Robinson: Gail Miller — Carrying...
- David Sturt: Have you failed enough?
- Girls who play with Barbie may not see... 13
- Dave Ramsey says: Don't waste your... 12
- Utah unemployment rate hits five-year low 10
- 'Pay the price or go dark': Going... 9
- Demolition underway on major downtown... 5
- House approves convention hotel bill 4
- Carry-on crackdown: United Airlines... 3
- House backs bill to block EPA rule... 3