Showing posts with label state-sponsored IP theft. Show all posts
Showing posts with label state-sponsored IP theft. Show all posts

Wednesday, August 15, 2018

Raytheon CEO: Why Your Own Employees Could Be Your Greatest Threat; Fortune, August 14, 2018

Thomas A. Kennedy, Fortune;

Raytheon CEO: Why Your Own Employees Could Be Your Greatest Threat


"Is there a bounty on your intellectual property?

It’s more likely than you think. Earlier this month, news broke that FBI agents investigating a case of corporate cyber theft seized a handbook revealing what China was willing to pay to “individuals or entities who can provide certain technologies.”

Nation-states have been using cyber hacking to actively target valuable intellectual property, or IP, for years. However, what may be startling to the public is that state-sponsored IP theft is so organized and methodical; criminal hackers receive catalogs of the most-wanted technologies, referred to as “collection requirements,” each with associated bounties.

For business, university, and research lab leaders, it begs a couple of questions: Do any of your employees have such handbooks? And if they were stockpiling and exporting sensitive data, would you know before it was too late?"