Theft is still the biggest problem for US companies in China

From The Economist: “If the technology matters, then don’t bring it to China as it will get stolen.” ON JANUARY 5th, in a night raid, a gang of criminals broke into a factory near Shanghai owned by Mercury Cable, an American manufacturer of high-voltage equipment. The thieves took not only raw materials but machinery from […]

How Do You Spot The Thief Inside Your Company?

Insider fraud costs $3,500,000,000,000 (t-r-i-l-l-i-o-n) and your company is a target. Some facts from this recommended article for security officers: Businesses, on a global basis, experience losses of about 5% each year from schemes executed by and with employees. The median loss was about $400,000, and in one-fifth of businesses that were surveyed in the ACFE […]

Former Navy Sailor Charged in Virginia with Attempted Espionage (Updated)

Robert Patrtick Hoffman, II 39 years old, born 1973 US Citizen, born in Buffalo, NY US Navy, 1991-2011 Petty Officer First Class, E6 Cryptologic Technician Held TS/SCI clearance with access to SAPs Resident of Virginia Beach, VA Attempted to spy for Russia, revealing to them methods to track US submarines Caught in an FBI sting operation […]

Insider Threat: GM Engineer Convicted of Stealing $40M Trade Secrets for China

US Citizens Shanshan Du (Engineer with General Motors) and Yu Qin. I guess they didn’t become Americans because they were motivated by the ideals of freedom and liberty of America’s Founding Fathers. Double the insider threat. Two Convicted in Conspiracy to Steal GM Trade Secrets (FBI/Detroit) –A former General Motors engineer and her husband were convicted […]

Ex-Navy Translator Charged under Espionage Act

Ex-Wisconsin man charged in espionage case (Milwaukee Journal-Sentinel) A former Arab linquist for the military has been charged under the Espionage Act with allegedly copying classified documents and shipping them back to the United States, including to Stanford University, which maintains a collection in his name. A Navy commander said the security breach by James […]

US jihadist happy to hear American soldiers being killed

Insider Threat: 27-year-old US citizen born in Massachusetts turns to the ‘religion of peace’ — Man Sentenced in Boston for Plotting Attack on Pentagon and U.S. Capitol and Attempting to Provide Detonation Devices to Terrorists (FBI) Rezwan Ferdaus was sentenced today for plotting an attack on American soil and attempting to provide detonation devices to […]

S. Korean Company Indicted for Stealing DuPont’s Trade Secrets

Look at the methodology: Targeted current DuPont employees Targeted former DuPont employees; hired them as consultants Former DuPont employees were asked to get information from current DuPont employees Hotel room meetings, including one to tell DuPont employee how to steal info without leaving evidence   Top Executives at Kolon Industries Indicted for Stealing DuPont’s Kevlar […]

Employee of Defense Contractor Convicted of Exporting Sensitive Military Technology to China

FBI, 26 September 2012 Former Employee of New Jersey Defense Contractor Convicted of Exporting Sensitive Military Technology to China; Stole Trade Secrets from Morris County Company NEWARK—A federal jury today convicted a former employee of a New Jersey-based defense contractor of exporting sensitive U.S. military technology to the People’s Republic of China (PRC), stealing trade […]

Insider Threat: Chicago engineer arrested for stealing trade secrets

Former CME Group Software Engineer Pleads Guilty to Stealing Globex Computer Trade Secrets While Planning to Improve Electronic Trading in China (FBI, 19 Sept 12) CHICAGO—A former senior software engineer for Chicago-based CME Group Inc. pleaded guilty today to theft of trade secrets for stealing computer source code and other proprietary information while at the […]

Case Closure: Insider Threat Hanjuan Jin Gets 4 Years in Prison

Finally a closure to the Hanjuan Jin espionage case, an Insider Threat who worked at Motorola. I love this quote by the judge during sentencing: “It is a technical world that we live in, and the most important thing this country can do is protect its trade secrets.” Motorola trade secrets thief gets 4-year term […]