Sunday, April 18, 2021
Home Lead Story Know About the Risks of Intellectual Property Theft

Know About the Risks of Intellectual Property Theft

Intellectual Property Theft a Growing Threat

By Elizabeth Lee

Intellectual property theft is a growing concern, and it poses a real risk at large conferences where people from around the world are gathered, the Federal Bureau of Investigation said recently.

David Eagleman was one of more than 175,000 people at the Consumer Electronics Show held earlier this month in Las Vegas. He is a Stanford neuroscientist who co-founded a company that creates a wristband that helps the hearing-impaired hear through their skin.

The device was produced after years of research, so Eagleman wanted it well-protected globally.

“We have all the underlying technology patented, so we’re not terribly worried about patent theft. On the flip side, this is a group of 170,000 smart people, and so it’s something that we just have to watch out for,” Eagleman said.

Aaron Rouse, special agent in charge of the Las Vegas division of the FBI, said, ““It does happen from time to time where a piece of product may go missing or somebody has noticed when they get back to their factory that there has been a piece of software that’s been installed onto one of their systems.

“So it’s a matter of being vigilant,” Rouse said.

According to the FBI and federal prosecutors, last year alone, there was a long list of cases of proprietary information being stolen.

They include: a North Carolina man who pleaded guilty of stealing trade secrets from aircraft companies to help a competitor develop anti-ice aircraft technology; a software engineer at a Chicago locomotive manufacturer who was indicted for stealing proprietary information from his company and taking it to China, where he is believed to be living; and a Chinese national working as an engineer in California who was sentenced to 27 months in federal prison for stealing trade secrets from medical device companies and taking them to China.

Intellectual Property
As technology continues to permeate every aspect of life, especially internet file sharing, the FBI warns intellectual property theft is a growing threat that can cost companies billions of dollars. VOA

There are many different types of entities that would benefit from stolen technology. “Could be a criminal organization, could be a foreign intelligence service, could be a competitor,” Rouse said.

At conferences, such as the Consumer Electronics Show, where there were more than 4,000 companies exhibiting and more than 160 countries represented, Rouse said one should be aware of who is handling the technology at all times.

“Before you come out to one of these conferences, [it’s important] to make sure that the equipment arrives intact and on time, that it makes it off the loading dock,” he said. “And then during the time of the convention, who’s handling your your equipment? Who is handling your product, and do they have access or the capability of installing malware onto that product at that time?”

Also Read- New Virus Can Spread Through Human Contact: China

As technology continues to permeate every aspect of life, especially internet file sharing, the FBI warns intellectual property theft is a growing threat that can cost companies billions of dollars. (VOA)



Most Popular

Older Adults More Willing To Help Others As Compared To Younger Adults

New research has found that older adults are more willing to make an effort to help others as compared to younger adults. According to...

Explore The Heritage Of Punjab Through The Lens Of Documentary ‘The Bathinda Fort’

With a view to inspire the younger generation about the glorious historical and cultural heritage of Punjab, senior Advisor to Chief Minister Lt Gen...

Know About The Six Nepali Women Creating A Record Feat

Six Nepali women have reached the top of Mt. Annapurna creating a record feat on the 8,091-metre tall peak, the Himalayan nation's Department of...

Study: Covid19 Likely Not To Effect The Brain Directly

SARS-CoV-2, the virus that causes Covid-19, likely does not directly infect the brain but can still inflict significant neurological damage, a new study suggests....

Explained: The Connection Between Hindus And Yazidis

BY- JAYA CHOUDHARY The Yezidis are the Kurdish religious minorities from countries like Iraq, Syria, Iran, and Turkey. With the news focusing on the culture...

Spiritual Power To Guard, ‘Jai Shri Ram’ Printed Mask More In Demand

As the second wave of covid19 is increasing everywhere especially in Maharashtra and other states. The only possible way to protect yourself is to...

Close Representation Of Women And Men Competing For The First Time In History

UN Women, a United Nations entity for gender equality and women's empowerment, on Friday said that the 2021 Tokyo Olympics will have close to...

What Has Happened To Basic Cricket Intelligence?

The Indian Premier League (IPL) has commenced with a flourish. Cricket has become the entertainment in this scary, dreary, and home-bound alternative that one...

Recent Comments