“‘Other governments must recognize that trade secret protection is vital to the success of our economic relationships and that they must take steps to strengthen their enforcement against trade secret theft,’ according to a document released today outlining the administration’s trade secret strategy,” Engleman and Runningen report. “The trade-secret report was released in Washington by U.S. Intellectual Property Enforcement Coordinator Victoria Espinel.”
Engleman and Runningen report, “It comes a day after the computer-security firm Mandiant Corp. said in a report that the Chinese army is probably the source of hacking attacks against at least 141 companies worldwide since 2006. The trade-secret strategy looks at more than computer-based theft. It says the pace of economic espionage is accelerating through recruitment of current and former employees of companies, as well as cyber intrusions against U.S. businesses, law firms, universities and financial institutions. While it doesn’t single out China, today’s report cites examples of economic espionage in which corporate secrets were passed to Chinese institutions.”
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