New US effort launched to stem theft of trade secrets; concern about China leads to action

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Associated Press

Posted on February 20, 2013 at 6:01 PM

Updated Wednesday, Feb 20 at 6:02 PM

WASHINGTON (AP) — The Obama administration is launching a new strategy to fight the growing theft of trade secrets following new evidence linking cyberstealing to China's military.

The plan includes a fresh diplomatic effort to discourage intellectual property theft abroad along with better coordination at home to help U.S. companies protect themselves. The administration said Wednesday there are indications that economic espionage is increasing — not only through electronic intrusion over the Internet but also through the recruitment of former employees of U.S. companies with knowledge of inside trade information.

Earlier this week, a Virginia-based cybersecurity firm accused a secret Chinese military unit in Shanghai of years of cyberattacks against more than 140 U.S. companies.

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