Theft is still the biggest problem for US companies in China
From The Economist: “If the technology matters, then don’t bring it to China as it will get stolen.” ON JANUARY 5th, in a night raid, a gang of criminals broke into a factory near Shanghai owned by Mercury Cable, an American manufacturer of high-voltage equipment. The thieves took not only raw materials but machinery from […]
Insider Threat: Chicago engineer arrested for stealing trade secrets
Former CME Group Software Engineer Pleads Guilty to Stealing Globex Computer Trade Secrets While Planning to Improve Electronic Trading in China (FBI, 19 Sept 12) CHICAGO—A former senior software engineer for Chicago-based CME Group Inc. pleaded guilty today to theft of trade secrets for stealing computer source code and other proprietary information while at the […]
Insider Threat: Senior Scientist in Utah Charged With Industrial Espionage
A senior scientist at drug company Frontier Scientific Inc. in Utah — 42 year old Prabhu Mohapatra — was charged for emailing company trade secrets to his brother-in-law in India, who co-founded a new competitor company called Medchemblox. JDLR Alert: A co-worker saw him create Microsoft Word documents of a chemical formula, which was intellectual property […]
BAD DICE: American arrested for planning to blow up the Pentagon
A 26-year-old American, born in the United States, living in big house in an upscale suburb of Boston with his parents (an engineer and healthworker), was a star soccer player in high school and graduated at the top of his class, received a scholarship to Boston’s Northeastern University and graduated from there in 2008 with a degree in physics, and […]
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