House Foreign Affairs Chairman, Howard Berman, has bashed China’s IP regime, stating, “It’s time for more serious action,” according to National Journal.com. The report states that Berman and others recently met with the National People’s Congress Standing Committee Chairman Wu Bangguo, Vice Premier Wang Qishan, NPC Foreign Affairs Chairman Li Zhaoxing, Foreign Affairs Minister Yang [...]
American corporations are losing billions to China from the theft of intellectual property (IP). In a Forbes commentary, James Bacchus, Chair of the Global Trade and Investment Practice Group of the international law firm Greenberg Traurig LLP, and counsel to the China Copyright Alliance, argues that due to its size and reluctance to enforce its [...]
Criminals are going after intellectual property (IP), and companies around the world are paying a high price. In fact a survey of more than 1,000 Chief Information Officers in eight countries conducted by security firm McAfee found that last year alone their companies lost billions in intellectual property.
Tensions over intellectual property theft originating in Asia [...]
Intellectual property theft is a problem that is more common than widely believed, reports Dow Jones. It’s also a threat that doesn’t come cheap. The U.S. Chamber of Commerce estimates that IP theft costs the U.S. economy $250 billion per year (FBI) and has resulted in the loss of 750,000 jobs (U.S. Customs and Border [...]
A former Goldman Sachs executive dipped into the company’s data base and allegedly stole secrets, according to FierceCIO.com. Allegedly, the report states, the exec took propriety computer programs that the financial giant uses to make rapid trades in the financial markets. Although Goldman did notice a surge of data leaving its servers and his activities [...]
Federal officials recently indicted 53 people for fraud schemes to cheat Medicare out of $50 million. Suspects were arrested in Detroit, Miami, and Denver as part of a wide-ranging effort by the government to crack down on fraud. Attorney General Eric Holder, Department of Health and Human Services (HHS) Secretary Kathleen Sebelius and FBI Director [...]
A federal judge rejected Bernie Madoff’s plea for leniency Monday, sentencing the 71-year-old to spend the rest of his life in prison for an “extraordinarily evil” fraud, according to the AP. The report notes that U.S. District Judge Denny Chin cited the unprecedented nature of the multibillion-dollar fraud as he sentenced Madoff to the maximum [...]
The Obama administration is launching its biggest plan yet to combat health care fraud. The U.S. Department of Health and Human Services (HHS) and U.S. Department of Justice (DOJ) recently announced the creation of a new high-level task force with the aim of detecting and preventing health-care fraud, which costs the U.S. billions of dollars [...]
Mounting evidence shows that white-collar crime increases during a recession. The 2009 Report to the Nation on Occupational Fraud & Abuse study conducted by the Association of Certified Fraud Examiners (ACFE) reveals that more than half of the 959 fraud experts polled performed more fraud-related investigations in 2008 than in 2007. About as many respondents [...]
As of Sunday, WHO confirmed 898 cases of swine flu – also known as influenza A (H1N1) - reported in 18 countries. Among the latest developments, health officials in Hong Kong say they have found the first case of swine flu in the country, according to Gerard Group International (GGi). The H1N1 virus was detected [...]
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