FBI Investigates Over 1000 Cases of Chinese Intellectual Property Theft

Posted on February 9, 2020 at 6:16 PM

FBI Investigates Over 1000 Cases of Chinese Intellectual Property Theft

The United States is looking into the recent activities of China on the theft of their intellectual property. The FBI is vested with the responsibility of investigating more than 1000 of such cases. Members of the United States Government recently held a meeting to that effect, as they deliberated on details of the investigation.

For several hours, top echelons of the DOJ and SEC gave insights on the increase in the number of Chinese theft of the country’s intellectual property (IP), which has occurred in recent years.

Officials pointed out that the reason for the meeting was to inform the US academic and research community as well as the private sector on the investigative activities of the FBI. It’s also to make them aware of the threat they are facing from IP theft from China.

Threat to Intellectual property a real one

According to the assistant Attorney-General on National Security, John Demers, the Chinese intellectual threat is a real one that is going to continue if something is not done about it. He further pointed out that the plan is an orchestrated one which has been carefully thought and executed by China.

Demers said that the attack, as it stands, is one of the biggest threats to US intellectual property and the general vitality of the economy.  He also said the US security agencies are passing strong information to intellectual property owners to guide their assets generously. At the moment, the US government is working on modalities to stop further theft of US intellectual property by China.

FBI Investigating over 1000 IP theft cases

Demers said there have been piles of theft cases since 2018 since the China Initiative campaign was launched by the DOJ in 2018. The campaign was launched to investigate the economical espionage of Beijing.

He also said that there are currently more than 1000 cases of technology-based identity theft the FBI would look into. He said the cases spanned all the commission’s 56 field offices, which affects almost all sectors and industries.

FBI using proactive measures for arrests

Assistance Director of the counterintelligence unit of FBI, John Brown, revealed that the FBI has already arrested 19 suspects who are linked to different cases of identity theft. He said the arrests were made just this year, which is already compared to 25 arrests made throughout last year.

He said the Chinese government has always shown that it’s ready to steal its way towards economic sustainability at the expense of the United States. So many prominent names in DOJ and FBI attended the conference to stress the importance of the investigation.

In a speech during the conference, Attorney General William Barr advised other US allies to increase their investments in Ericsson and Nokia to counter the growing presence of Huawei in the 5G market.

Other top representatives of the two outfits spoke on the importance of locking the U.S intellectual property against Chinese who are looking to reap and siphon knowledge and technological know-how from the US. They further alerted universities and US companies of the necessity to protect their IP against those looking to take full advantage.

Chinese Theft a result of an established plan

The US officials pointed out that the recent theft is founded on the derivatives of the Chinese government. They said the Chinese government is working on an established plan with specific target areas. According to the officials, the government is concentrating on certain areas that would make its economy self-sufficient.

They are not only interested in defense-sector firms, but other companies producing everything from proprietary corn seeds and rice to top medical devices and software for wind turbines.

Summary
FBI Investigates Over 1000 Cases of Chinese Intellectual Property Theft
Article Name
FBI Investigates Over 1000 Cases of Chinese Intellectual Property Theft
Description
The United States is looking into the recent activities of China on the theft of their intellectual property. The FBI is vested with the responsibility of investigating more than 1000 of such cases.
Author
Publisher Name
Koddos
Publisher Logo

Related Stories:

Newsletter

Get the latest stories straight
into your inbox!

YOUTUBE