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A trade secret is a form of intellectual property comprising confidential information that is not generally known or readily ascertainable, derives economic value from its secrecy, and is protected by reasonable efforts to maintain its confidentiality. [1] [2] [3] Well-known examples include the Coca-Cola formula and the recipe for Kentucky ...
The Economic Espionage Act of 1996 (Pub. L. 104–294 (text), 110 Stat. 3488, enacted October 11, 1996) was a 6 title Act of Congress dealing with a wide range of issues, including not only industrial espionage (e.g., the theft or misappropriation of a trade secret and the National Information Infrastructure Protection Act), but the insanity defense, matters regarding the Boys & Girls Clubs of ...
The hacks led to the theft of "a large amount of trade secrets" in both cases, said CNCERT/CC, which says it is a non-governmental technical centre that serves as China's "national computer ...
Between October 2002 and January 2003 five Chinese businessmen were accused of illegally shipping equipment and trade secrets from California to China, [10] and U.S. officials prevented a Chinese man from shipping a new, high-speed computer used in classified projects (including nuclear-weapons development) from Sandia National Laboratories. [10]
A German-Canadian resident of China was sentenced to 24 months in prison in the U.S. for stealing electric vehicle trade secrets from Tesla for his competing EV battery business, the U.S ...
Chenguang Gong, 57, of San Jose, California, was arrested Tuesday morning and charged with theft of trade secrets, the Justice Department said in a news release. Gong is a native of China and ...
Besides recruiting foreign employees to share trade secrets, another method involves cyber espionage and hacking. [10] One of the methods involves massive, broad hacks, such as 2021 Microsoft Exchange Server data breach, before sifting through the acquired data in search of valuable information. According to Microsoft, the large-scale hack was ...
“This blatant theft of advanced trade secrets relating to battery components and assembly blunts America’s technological edge, and the Justice Department will hold accountable those who would ...