Investigations Inc.: Cyber Espionage

About the Show

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.


  • Hunting in Cyber Space

    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

    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.

  • Hacking is often called the biggest danger to the economic security of the United States.has gone on record as calling the cyber threat “one of the most serious and economic and national security challenges we face as a nation.”What was once a series of isolated incidents has now become almost common place in Corporate America. By attacking business networks, hackers are accessing company secrets and confidential strategies and creating huge losses for the overall economy, say experts. Many of t

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

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    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.

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    By: Mike Abrams|CNBC News Desk Producer

    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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  • David Faber

    David Faber is a co-anchor of CNBC's "Squawk on the Street".