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The Growing Danger of IP Theft and Cyber Extortion
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robertmcfarlane
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robertmcfarlane,
User Rank: Author
8/18/2017 | 10:58:04 AM
Re: Intellectual property theft
Kevin Kearns wrote a great article on this issue last year stating "Essentially, the cyber-theft of specialized trade secrets has created a perfect storm aimed at America's steel industry. Chinese firms are already able to produce steel cheaply, thanks to billions of dollars in direct energy and other state subsidies, weak or non-existent environmental regulation, and a slave-wage work force. Thanks to intellectual property (IP) theft, they're able to sell valuable steel products that were researched and designed by U.S. engineers. And now, when marketing this high-tech, American-designed steel to U.S. companies, they're able to price it so low that U.S. Steel Corp. can't compete against the very product it spent years (and millions of dollars) perfecting."  Follow the money and you will find examples of this market manipulation and IP theft in many other areas as well.  
smilingguy
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smilingguy,
User Rank: Apprentice
7/12/2017 | 10:33:25 AM
Intellectual property theft
Intellectual property theft is trending the wrong way. Despite measures to prevent it, respond to it, and mitigate the effects of this type of costly and even dangerous crime, intellectual property theft is growing—all over the world. Globalization, in fact, is often the root of the problem.


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