Subscribe free to our newsletters via your
. GPS News .




TRADE WARS
Intellectual property thefts are costly
by Kevin Wang, Medill News Service
Washington (UPI) Jun 28, 2012


disclaimer: image is for illustration purposes only

As the global economic crisis forces countries to maximize competiveness, U.S. businesses have lost at least $13 billion due to attacks on their intellectual property by foreign countries, a senior FBI official said Thursday.

At a hearing hosted by the House Subcommittee on Counterterrorism and Intelligence, authorities warned that intellectual property thefts conducted by foreign countries remain high-level threats to the U.S. economy and national security.

"This is an issue that touches small and medium-size businesses in congressional districts all across America." said U.S. Rep. Billy Long, R-Mo., acting chairman of the subcommittee. "In many ways, a threat posed by the economic espionage is similar to the threat posed by al-Qaida and its affiliate networks."

Long said what makes espionage threats even more complex is that many activities remain hidden and hard to spot. Many foreign intelligence agencies operate through computers in third countries to confuse the origins of the activity.

"Foreign nations and their intelligence services are understanding more than ever that it's cheaper and faster to steal our technology and use their precious budget resources, even some of our allies," added Frank Figliuzzi, assistant director of the FBI's counter-terrorism division.

Figliuzzi said that the most recent FBI statistics indicate U.S. businesses have lost more than $13 billion due to foreign intelligence attacks in 2012.

Stuart Graham, chief economist at the U.S. Patent and Trademark Office, called that $13 billion loss an "undercount."

"What we can never count are the benefit-associated innovations that never happened because innovators are less likely to create their innovations," he said. "They fear that what they are going to get at the end is an unprotected product."

Graham stressed that U.S. businesses are facing unprecedented challenges in protecting intellectual property. He said that without IP protection, those who invest time and money in developing new products and services would be at a disadvantage.

Graham said IP-intensive industries such as machinery, chemical and healthcare are targets of the foreign espionage activities. He said those industries account for 40 million jobs, or 27.7 percent of all U.S. jobs.

"Every two jobs in IP-intensive industries support an additional one job elsewhere in the economy," he said.

Experts also warned of a new type of cyberthreat: "insider threats."

While many foreign governments and their intelligent services still conduct espionage activities outside the United States, the experts said they have seen more of these "insider threats," such as employees stealing crucial business information and selling it overseas.

Though cases involving large global corporations have been exposed, experts told the committee they were worried that the real risks lie in smaller research institutions that are harder for federal laws to oversee.

"Each year, foreign intelligence services and their collectors become more creative and more sophisticated in their methods to undermine American business and erode the one thing that most provides American business its leading edge -- our ability to innovate," Figliuzzi said.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
Paraguay says neighbors plotting isolation
Asuncion, Paraguay (UPI) Jun 28, 2012
Paraguay's embattled new government says neighbors Argentina, Brazil and Uruguay are plotting against it to widen Paraguay's diplomatic isolation as punishment for removing Fernando Lugo from the presidency. Lugo was impeached and stripped of presidency in a vote regional governments and organizations termed a coup. Latin American economic bloc Mercosur suspended Paraguay and bar ... read more


TRADE WARS
Pasta made from green banana flour a tasty alternative for gluten free diets

S. America cattle outbreak threat lingers

Philippines rice terraces off endangered list: UN

U.S. urges action on global cattle disease

TRADE WARS
New technique allows simulation of noncrystalline materials

Study of phase change materials could lead to better computer memory

Japan's Renesas says major investors to offer aid

Megapixel camera? Try gigapixel

TRADE WARS
Northrop Grumman's F-35 DAS and Radar Demonstrate Ability to Detect, Track, Target Ballistic Missiles

Canada to buy new jet trainer aircraft

LockMart Provides Italian MoD with Intelligence, Surveillance and Reconnaissance Aircraft

Variable camber airfoil: New concept, new challenge

TRADE WARS
Primus Green Energy Alternative Gasoline Powers Car in Test Drive

Maths tells us when to be more alert on the roads

Rheinmetall shelves listing of automotive division

Nissan's China unit to build new $784 mn auto plant

TRADE WARS
Hong Kong, China stock exchanges in joint venture

Intellectual property thefts are costly

Paraguay says neighbors plotting isolation

EU, US, Japan step up rare earths battle with China

TRADE WARS
Taiwan indicts loggers for axing 2000-year-old trees

Study Slashes Deforestation Carbon Emission Estimate

Scientists develop first satellite deforestation tracker for whole of Latin America

Scientists reconstruct pre-Columbian human effects on the Amazon Basin

TRADE WARS
Arianespace to launch DZZ-HR high-resolution observation satellite

China to invest in Earth monitoring system

Delving Inside Earth from Space

Earth observation for us and our planet

TRADE WARS
Researchers test carbon nanotube-based ultra-low voltage integrated circuits

Researchers tune the strain in graphene drumheads to create quantum dots

Graphene? From any lab!

Taming light with graphene




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement