Economic Espionage

FBI Launches Nationwide Awareness Campaign

Industries in the United States spend more on research and development than any other country in the world. The amount of effort and resources put into developing a unique product or process that can provide an edge in the business world is not unsubstantial. But what happens if someone comes in and steals that edge—a company’s trade secrets—for the benefit of a foreign country? The damages could severely undermine the victim company and include lost revenue, lost employment, damaged reputation, lost investment for research and development, interruption in production—it could even result in the company going out of business.

It’s called economic espionage, and it’s a problem that costs the American economy billions of dollars annually and puts our national security at risk. While it is not a new threat, it is a growing one, and the theft attempts by our foreign competitors and adversaries are becoming more brazen and more varied in their approach.

Historically, economic espionage has been leveled mainly at defense-related and high-tech industries. But recent FBI cases have shown that no industry, large or small, is immune to the threat. Any company with a proprietary product, process, or idea can be a target; any unprotected trade secret is ripe for the taking by those who wish to illegally obtain innovations to increase their market share at a victim company’s expense.

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