IP theft: Declining, or just more stealthy?

Eighteen months ago, President Obama and Chinese President Xi Jinping announced, with considerable fanfare, an agreement aimed at curbing economic espionage.

According to the Sept. 25, 2015 White House press release, “neither country’s government will conduct or knowingly support cyber-enabled theft of intellectual property, including trade secrets or other confidential business information, with the intent of providing competitive advantages to companies or commercial sectors.”

So, with Xi due to meet with President Trump in early April, an obvious question is: Has the agreement been effective?

The reviews on that are mixed, but there is general agreement that while it hasn’t stopped, the theft of intellectual property (IP) by the Chinese against the US is not as rampant as it was several years ago when The Commission on the Theft of American Intellectual Property estimated total losses, including jobs, competitiveness, stock value, market share, in the hundreds of billions, and former National Security Agency director Gen. Keith Alexander famously called it, “the greatest transfer of wealth in human history.”

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Source: http://www.cio.com

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