![]() The US's top counterintelligence agency estimates that Beijing steals $200 billion to $600 billion worth of economic secrets from the US every year. Plenty of today’s technological arms races involve an element of industrial espionage. Xu's arrest and conviction are unique and shed light on a shadowy conflict in which Beijing is trying to wrestle global supremacy from the US using any means possible. A brush-painted porcelain pot, made in Jingdezhen in the mid-1700s. But many industrial firms aren’t waiting around for the FBI to protect. He would invite them to China on academic pretexts and then slowly lure them to espionage. Among those who took great interest in Hamilton’s treatise was Thomas Attwood Digges, one of several American industrial spies who prowled the British Isles in the late 18th and early 19th. In April, according to one report, the FBI’s industrial espionage caseload leaped from 10 to 500 in only nine months. ![]() ![]() Threats from Foreign Countries 5 China: Persistent Cyber Activities 5 Russia: A Sophisticated Adversary 8 Iran: An Increasing Cyber Threat 9 Targeted Technologies 11 III. Industrial espionage is essentially a form of commercial intelligence gathering, usually, but not exclusively, on the part of industry competitors. Illustrations by Hokyoung Kim 945 By Yudhijit Bhattacharjee Published March 7, 2023. Of spies and intrigue Espionage is a word that brings to mind James Bond movies or the spy stories of John Le Carre, but espionage has also long been associated with business practice, too. Xu was arrested in Belgium and became the first Chinese intelligence officer to be extradited to the US.Īccording to the FBI and Department of Justice, Xu had since 2013 used multiple aliases to target US and third-country aviation companies and experts in that field. The Strategic Threat of Cyber Economic Espionage 4 II. How the downfall of one intelligence agent revealed the astonishing depth of Chinese industrial espionage. It often indicates a user profile.Ī security guard next to a jet engine turbo-fan at the China Aviation Expo in Beijing, September 20, 2005.Īfter the FBI determined that Zheng didn't willingly turn over any classified information, the GE Aviation employee began cooperating with the agency to lure Xu out of China. Account icon An icon in the shape of a person's head and shoulders. Industrial espionage (aka economic espionage, corporate spying or corporate espionage) is defined as: 'an occasion when one company steals secrets from another company with which it is.
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