Crime Industrial Espionage

  • ZURICH, Sept 6- Swiss authorities have charged a former banker at UBS suspected of selling confidential client details to Germany in 2012, Switzerland's Office of the Attorney General said on Tuesday. The CD related to assets worth 3.5 billion Swiss francs. UBS is one of several Swiss banks that got caught up in investigations into personal tax evasion as...

  • NEW YORK, Aug 29- Six U.S. senators have urged President Barack Obama to prioritize cyber crime at this weekend's Group of 20 summit in China, in the wake of the theft of $81 million from Bangladesh's central bank, according to a letter obtained by Reuters. In the letter sent to the White House ahead of the Sept. 4-5 summit, Sherrod Brown, a senior Democrat on the Senate...

  • *Letter cites $81 million Bangladesh Bank heist. NEW YORK, Aug 29- Six U.S. senators have urged President Barack Obama to prioritize cyber crime at this weekend's G20 summit in China, in the wake of the theft of $81 million from Bangladesh's central bank, according to a letter obtained by Reuters. In the letter sent to the White House ahead of the Sept. 4-5 summit,...

  • PARIS/FRANCE, Aug 25- France and India on Thursday played down the security risk posed by leaked data on French-designed submarines that a source told Reuters was probably stolen by a French former employee and that has raised concerns over a $38 billion contract with Australia. More than 22,000 pages of data about six submarines that France's DCNS is...

  • NEW DELHI, Aug 25- India said on Thursday that it sees no immediate security risk from the leak to an Australian newspaper of secret documents detailing the capability of a French-designed submarine being built for its navy. The first is expected to enter service by the end of the year as India seeks to rebuild its dwindling fleet and assert its hegemony over the...

  • *French firm in talks with Australia for $38 bln submarine deal. SYDNEY/ PARIS, Aug 24- French naval contractor DCNS said on Wednesday it may have been the victim of "economic warfare" after secrets about its Scorpene submarines being built in India were leaked. India opened an investigation after The Australian newspaper published documents relating to the...

  • *FDIC computers hacked in 2010, 2011, 2013- congressional report. The report cited an internal FDIC investigation as identifying Beijing as the likely perpetrator of the attacks, which the probe said were covered up to protect the job of FDIC Chairman Martin Gruenberg, who was nominated for his post in 2011.. "The committee's interim report sheds light on the...

  • *FDIC computers hacked in 2010, 2011, 2013- congressional report. The report cited an internal FDIC investigation as identifying Beijing as the likely perpetrator of the attacks, which the probe said were covered up to protect the job of FDIC Chairman Martin Gruenberg, who was nominated for his post in 2011.. "The committee's interim report sheds light on the...

  • *FDIC computers hacked in 2010, 2011 and 2013- report. But while making the allegation that China was the culprit, the report does not provide specific evidence to support that conclusion. The FDIC, one of the United States' principal banking regulators that keeps confidential data on the biggest banks, did not have immediate comment.

  • 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...

  • 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.