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February 10, 2020 02:06 pm

FBI is Investigating More Than 1,000 Cases of Chinese Theft of US Technology

Members of the US government held a conference in Washington last week on the topic of Chinese theft of intellectual property from US technology firms and the US academic sector. From a report: Officials said the purpose of the conference -- named the China Initiative Conference -- was to bring the US private sector and the academic and research communities up to speed with the US government's investigations. For the duration of four hours, some of the highest officials from the Federal Bureau of Investigations (FBI) and the Department of Justice (DOJ) spent their time raising a sign of alarm and putting the private and academic sector on alert about the threats they are currently facing in terms of intellectual property (IP) theft from Chinese entities. "The threat from China is real, it's persistent, it's well-orchestrated, it's well-resourced, and it's not going away anytime soon," John Demers, Assistant Attorney General for National Security, opened the conference. "This one to me really stands out as the greatest long-term threat to our nation's information and intellectual property, and to our economic vitality," said FBI Director Christopher Wray. The FBI director says cases have been piling up since 2018, ever since the DOJ launched the China Initiative campaign to counter and investigate Beijing's economical espionage. "The FBI has about a thousand investigations involving China's attempted theft of U.S.-based technology in all 56 of our field offices and spanning just about every industry and sector," Wray said.

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