You Think Trade Secrets Are Important? So Does the FBI

The FBI recently launched an initiative to curb the growing rise of trade secret and other intellectual property theft. The FBI estimates that U.S. companies have suffered over $13 billion in economic losses since October 2011 attributed to intellectual property theft, which includes the estimated future market value of stolen trade secrets.

With a website dedicated to educating the public about intellectual property theft, in May 2012, the FBI took the unconventional approach of launching billboards in nine U.S. cities with the message “Protect America’s Trade Secrets”. As reported by the Wall Street Journal, the push behind the FBI’s initiative is that state-sponsored espionage targeting trade secrets and other intellectual property of U.S. companies is growing so fast that it is a national security concern.

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