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 PARASITES: FBI is investigating more than 1,000 cases of Chinese theft of US technology

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PARASITES: FBI is investigating more than 1,000 cases of Chinese theft of US technology Vide
PostSubject: PARASITES: FBI is investigating more than 1,000 cases of Chinese theft of US technology   PARASITES: FBI is investigating more than 1,000 cases of Chinese theft of US technology Icon_minitimeWed Feb 12, 2020 5:11 am

US officials talk about all the methods the Chinese government and its agents have been using to target US companies and universities to steal intellectual property.

PARASITES: FBI is investigating more than 1,000 cases of Chinese theft of US technology China-usa-flag

Members of the US government held a conference in Washington this week on the topic of Chinese theft of intellectual property from US technology firms and the US academic sector.
Officials said the purpose of the conference -- named the China Initiative Conference -- was to bring the US private sector and the academic and research communities up to speed with the US government's investigations.
For the duration of four hours, some of the highest officials from the Federal Bureau of Investigations (FBI) and the Department of Justice (DOJ) spent their time raising a sign of alarm and putting the private and academic sector on alert about the threats they are currently facing in terms of intellectual property (IP) theft from Chinese entities.
"The threat from China is real, it's persistent, it's well-orchestrated, it's well-resourced, and it's not going away anytime soon," John Demers, Assistant Attorney General for National Security, opened the conference.
"This one to me really stands out as the greatest long-term threat to our nation's information and intellectual property, and to our economic vitality," said FBI Director Christopher Wray.

More than 1,000 cases of IP theft

The FBI director says cases have been piling up since 2018, ever since the DOJ launched the China Initiative campaign to counter and investigate Beijing's economical espionage.
"The FBI has about a thousand investigations involving China's attempted theft of U.S.-based technology in all 56 of our field offices and spanning just about every industry and sector," Wray said.

John Brown, FBI Assistant Director for the Counterintelligence Division, said the bureau has already made 19 arrests this fiscal year alone on charges of Chinese economic espionage.
In comparison, the FBI made 24 arrests all last fiscal year, and only 15, five years earlier, in 2014.

PARASITES: FBI is investigating more than 1,000 cases of Chinese theft of US technology China-arrests

Wray said the Beijing government has shown "they're willing to steal their way up the economic ladder at [the US'] expense."
Several FBI and DOJ bigwigs were at the conference to hammer the point home for attendees during a four-hour marathon.
US Attorney General William Barr also gave a speech, urging the US and allies to invest in Nokia and Ericsson to counter Huawei's growing presence on the 5G market, but also teased new charges against Chinese hackers.
Adam Hickey, Deputy Assistant Attorney General; William Evanina, Director of the National Counterintelligence and Security Center; several US district attorneys; presidents and CEOs from US companies; and members from the US' biggest universities also gave speeches and attended panels to detail their experiences on dealing with China, and to raise a sign of alarm for other US companies and universities.

Much more:  https://www.zdnet.com/article/fbi-is-investigating-more-than-1000-cases-of-chinese-theft-of-us-technology/

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