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Chinese firm paid insider ‘to kill my company,' American CEO says
A Chinese energy firm offered big money and access to women to entice an engineer at a U.S. company to launch a cyber raid on his employer, stealing sensitive computer codes and “thereby cheating (the firm) … out of more than $800 million,” according to newly unsealed court documents and internal messages and emails obtained by NBC News.
Federal prosecutors call the alleged cyber theft from American Superconductor (AMSC) in Devens, Mass., one of the most brazen cases yet of Chinese economic espionage in the United States. The techniques the Chinese used to rob the company of three quarters of its revenue, half its workforce, and more than $1 billion in market value were straight out of a “spy novel,” the firm's CEO said in an interview with NBC News.
Continue reading “Mini-Me: Chinese Methods, American Sour Grapes”