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Investigations Inc.: Cyber Espionage

About the Show

Cyber Espionage: The Chinese Threat
Experts at the highest levels of government say it's the biggest threat facing American business today. Hackers are stealing valuable trade secrets, intellectual property and confidential business strategies.

Government officials are calling it the biggest threat to America's economic security. Cyber spies hacking into U.S. corporations' computer networks are stealing valuable trade secrets, intellectual property data and confidential business strategies. The biggest aggressor? China. CNBC's David Faber investigates this new wave of espionage, which experts say amounts to the largest transfer of wealth ever seen —draining America of its competitive advantage and its economic edge. Unless corporate America wakes up and builds an adequate defense strategy, experts say it may be too late.

Extras

  • Hunting in Cyber Space     Tuesday, 3 Jul 2012 | 12:00 AM ET

    As a Former Nortel Systems Security sr. advisor, Brian Shields was confronted with intruders on the company's network. Shields tells CNBC Chinese cyber spies cost him his job and are threatening to steal other Americans' livelihoods as well.

  • No Business Immune     Tuesday, 3 Jul 2012 | 12:00 AM ET

    Sophisticated cyber-attacks on U.S. corporations are referred to as "Advanced Persistent Threats." Experts say every business is a target, as evidenced by the 2011 attack on RSA Security, a company that gets paid to protect corporations' secrets. RSA Executive Chairman Art Coviello tells CNBC about the attack.

  • 10 Ways Companies Get Hacked Friday, 6 Jul 2012 | 12:22 PM ET
    When a person enters information on a website, like an email or credit card, it gets stored in that company’s data base. Those web-based forms are a simple tool for users, but they are also another way hackers can exploit a company’s system. Instead of inputting a name into the website, cyber spies can put in a specially crafted text that may cause the database to execute the code instead of simply storing it, Alperovitch said. The result is a “malicious takeover of the system,” he said.

    By attacking business computer networks, hackers are accessing company secrets and confidential strategies and creating huge losses for the overall economy.

  • China is working feverishly to counteract its slowest GDP growth in recent years, and one of the ways it’s doing so, say U.S. officials, is through the theft of American corporate secrets.

  • How to Defend Against a Cyberattack Sunday, 8 Jul 2012 | 12:07 PM ET

    US businesses are enduring an unprecedented onslaught of cyber invasions from foreign governments, organized crime syndicates, and hacker collectives, all seeking to steal information and disrupt services, cybersecurity experts say.

Contact Investigations Inc.: Cyber Espionage

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    Check the U.S. schedule for upcoming show times.

 

  • Co-anchor of CNBC's "Squawk on the Street," David Faber also is a co-producer of CNBC's original documentaries.

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