Crime Industrial Espionage

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  • July 5- A divided federal appeals court on Tuesday gave the U.S. Department of Justice broad leeway to police password theft under a 1984 anti-hacking law, upholding the conviction of a former Korn/Ferry International executive for stealing confidential client data. The 9th U.S. Circuit Court of Appeals in San Francisco said David Nosal violated the Computer...

  • SAN FRANCISCO, June 30- A pitched legal battle between ride-hailing rivals Uber and Lyft, involving accusations of hacking and corporate spying, ended with a settlement this week that did not require either company to pay money, according to sources familiar with the agreement. The settlement coincided with news that Lyft was working with investment bank...

  • NEW YORK, June 15- A federal judge narrowed but refused to dismiss a former Goldman Sachs Group Inc programmer's malicious prosecution lawsuit against FBI agents in connection with his two criminal convictions, both since reversed, for stealing computer code. In his 32- page decision, McNulty dismissed claims over the first arrest, saying the FBI agents...

  • Uber driver looking for new passengers in Washington, D.C.

    A retired CIA officer has been involved in an investigation for an unlikely paymaster—Uber, CNBC has learned.

  • SHANGHAI/ MANILA, April 29- China's Baosteel Group said on Friday that accusations by U.S. Steel Corp against the company, including that it had stolen commercial secrets, were groundless and vowed to protect its legal rights. China's second-biggest steelmaker and the world's fourth is the first Chinese steel producer to respond to U.S. Steel, which launched a...

  • SHANGHAI, April 29- China's Baosteel Group said on Friday that three accusations by U.S. Steel Corp against the company, including that it had stolen commercial secrets, were groundless and not based on facts. "In particular, the charges claiming that Baosteel stole commercial secrets from U.S. U.S. Steel Corp on Tuesday launched a campaign to prevent imports from...

  • WASHINGTON, April 27- The Obama administration on Wednesday kept China, Russia and India on its annual list of countries with the worst records of preventing the theft of intellectual property and cited Switzerland for failing to curb online copyright infringements. It said China has undertaken some intellectual property law reforms, but the highest level...

  • WASHINGTON, April 27- Corporate trade secrets, including manufacturing processes and computer methods, would enjoy greater legal protections against theft under legislation expected to be approved by the U.S. Congress on Wednesday. The House of Representatives is poised to pass the "Defend Trade Secrets Act" on the heels of being unanimously approved by the...

  • NEW YORK, April 26- U.S. Steel Corp has launched a campaign to prevent imports from China's largest steel producers, it said on Tuesday, the boldest step yet by a U.S. company as a trade brawl with the world's largest steel producer escalates. The petition, known as Section 337 and used to protect against intellectual property theft, listed some of China's top...

  • Container ships are seen at Lianyungang port on July 10, 2015 in Lianyungang, Jiangsu Province of China. During the first six months of 2015, total value of foreign trade stood at about 1857.48 billion USD (11.53 trillion RMB), down by 6.9 percent from a year earlier.

    Chinese exporters have found a silver lining in weak global demand by seizing market share from their competitors.

  • *China export share highest of any country since 1968. China's proportion of global exports rose to 13.8 percent last year from 12.3 percent in 2014, data from the United Nations Conference on Trade and Employment shows, the highest share any country has enjoyed since the United States in 1968.. "China cannot be replaced," said Fredrik Guitman, formerly China...

  • WASHINGTON/ NEW YORK, April 4- The U.S. Senate on Monday approved legislation to give companies greater legal protections for their commercial secrets and allow them for the first time to sue in federal court if they are stolen. Theft of intellectual property, including trade secrets, costs U.S. businesses more than $300 billion a year, according to a 2013 report by...

  • WASHINGTON/ NEW YORK, April 4- The U.S. Senate is poised to pass a bill on Monday that would give companies greater legal protections for their commercial secrets and would allow them for the first time to sue in federal court if they are stolen. The Defend Trade Secrets Act has significant bipartisan support with 65 cosponsors, led by Senator Orrin Hatch,...

  • Taiwan has swapped jailed spies with political foe China in an unprecedented goodwill gesture following this month's historic meeting.

  • US losing corporate espionage fight: Counterintelligence expert

    William Evanina, National Counterintelligence Executive Director, says the U.S. is currently at risk of losing the corporate espionage war.

  • Surveillance video: Chinese espionage bust in Missouri hotel

    The FBI released surveillance video from a 2012 arrest of two men in an alleged corporate espionage attempt by a Chinese company to bribe an employee of an American firm for confidential trade secrets.

  • 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.

  • 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

    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

    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.