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Industrial Espionage

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  • LONDON, April 8- The iron ore casualties are piling up as the price plumbs ever new depths. The price of benchmark 62 percent ore as assessed by The Steel Index is now trading below $50 per tonne, which is the lowest level since TSI started compiling spot market prices in 2008.. Just in the last week Canada's Labrador Iron Mines has initiated a court-supervised...

  • NEW YORK, April 1- A New York judge on Wednesday rejected a request from prosecutors to delay the scheduled trial of former Goldman Sachs Group Inc computer programmer Sergey Aleynikov, who is charged with stealing code from the investment bank. Manhattan Supreme Court Justice Daniel Conviser ordered the trial to move forward immediately in the long-running...

  • WASHINGTON, April 1- The Obama administration on Wednesday launched the first-ever sanctions program to financially punish individuals and groups outside the United States that are engaged in malicious cyber attacks. The executive order gives the administration the same sanctions tools it now deploys to address other threats- including crises in the...

  • The trial for Sergey Aleynikov, 45, is scheduled to take place in Manhattan state court over a 2009 episode in which Goldman says he stole the computer code as he prepared to leave for a high-frequency trading startup. A Manhattan state judge ruled in 2013 that New York prosecutors could pursue Aleynikov even though the earlier case brought by federal...

  • BEIJING, March 30- China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. Treasury official said in Beijing on Monday. BSA The Software Alliance, whose members include Adobe Systems, Apple Inc, IBM, Microsoft Corp and Oracle Corp, and the...

  • BEIJING, March 30- China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. Treasury official said in Beijing on Monday. BSA The Software Alliance, whose members include Adobe Systems, Apple Inc, IBM, Microsoft Corp and Oracle Corp, and the...

  • BEIJING, March 30- China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. China said this month work was ongoing on a draft anti-terrorism law that would require foreign companies to hand over encryption keys and otherwise facilitate...

  • China said earlier this month work was ongoing on a draft anti-terrorism law that would require foreign companies to hand over encryption keys and otherwise facilitate Beijing's ability to bypass security measures, despite U.S. protests. "We have already made clear our concerns regarding forced technology transfer and other attempts to bar technological...

  • *HSBC refused plea bargain and 1.4 bln euro fine- Le Monde. PARIS, March 13- The French financial prosecutor's office has requested that HSBC's Swiss private bank be put on trial in France to answer charges over a suspected tax-dodging scheme for wealthy customers, a judicial source said on Friday. The probe was sparked by whistleblower Herve Falciani, a former IT...

  • Feb 12- A former Goldman Sachs Group Inc computer programmer on Thursday sued the FBI agents who investigated him in connection with allegations he stole secret code from the bank's computers, contending they violated his constitutional rights. Sergey Aleynikov, the former programmer, filed his lawsuit in U.S. District Court in New Jersey less than two months...

  • *Media reports say HSBC helped wealthy dodge taxes. LONDON/ ZURICH/ WASHINGTON, Feb 10- HSBC Holdings Plc faces investigation by U.S. authorities and an inquiry by British lawmakers after admitting failings by its Swiss private bank that may have allowed some customers to dodge taxes. U.S. prosecutors have stepped up efforts to establish whether HSBC, the world's...

  • LONDON/ ZURICH, Feb 9- British bank HSBC Holdings Plc admitted failings by its Swiss subsidiary in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets. The Guardian, along with other news outlets, cited documents obtained by the International Consortium of Investigative Journalists via Le Monde.

  • HSBC admits Swiss bank failings over client taxes Sunday, 8 Feb 2015 | 7:22 PM ET

    LONDON, Feb 8- British bank HSBC Holdings Plc admitted on Sunday failings by its Swiss subsidiary, in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets. HSBC said that its Swiss arm had not been fully integrated into HSBC after its purchase in 1999, allowing "significantly lower" standards of compliance...

  • Sophisticated spying tool found   Monday, 24 Nov 2014 | 10:25 AM ET
    Sophisticated spying tool found

    CNBC's Eamon Javers reports a new computer virus has been discovered by Symantec that's being called one of the most sophisticated pieces of malware ever seen.

  • WASHINGTON, Nov 20- U.S. lawmakers should look into options for punishing cyber-spying and the theft of trade secrets from U.S. companies, a congressional advisory committee on China said on Thursday. Congress should ask U.S. trade officials to report on whether they had power to sanction companies that benefited from stealing trade secrets, the U.S.-China...

  • Iran hackers use fake Facebook to spy on Americans Thursday, 29 May 2014 | 7:15 AM ET

    Iranian hackers created false social networking accounts and a fake news website to spy on leaders in the United States, Israel and other countries.

  • Five indicted in cybercrime operation   Monday, 19 May 2014 | 2:51 PM ET
    Five indicted in cybercrime operation

    CNBC's Scott Cohn reports on the 31-count, 56-page grand jury indictment from the DOJ against five defendants alleged in cyber-espionage.

  • Chinese cybercrime suspected for years: Pro   Monday, 19 May 2014 | 2:28 PM ET
    Chinese cybercrime suspected for years: Pro

    The U.S. Justice Department has filed its first ever cyber-espionage charges against five operatives from a Chinese military operation known as "Unit 61398." Marc Zwillinger, ZwillGen founder, provides perspective.

  • DOJ indicts 5 Chinese military members   Monday, 19 May 2014 | 1:30 PM ET
    DOJ indicts 5 Chinese military members

    The U.S. has charged China with cyberspying on U.S. firms. Kevin Mandia, FireEye COO, explains how he caught the Chinese government red-handed stealing American trade secrets. Peter Kiernan, author of "Becoming China's Bitch," provides perspective.

  • Chinese accused of cyberspying   Monday, 19 May 2014 | 1:28 PM ET
    Chinese accused of cyberspying

    CNBC's Scott Cohn reports the five defendants in the case which the U.S. alleges cyberspying, were all part of The People's Liberation Army, allegedly the most prolific hacking operation of the Chinese military.