The threat of economic espionage—the theft of U.S. proprietary information, intellectual property (IP), or technology by foreign companies, governments, or other actors—has grown. Moreover, dependence on networked information technology (IT) systems has increased the reach and potential impact of this threat by making it possible for hostile actors to quickly steal massive amounts of information while remaining anonymous and difficult to detect. To address this threat, federal agencies have a key role to play in law enforcement, deterrence, and information sharing.
GAO was asked to testify on the cyber aspects of economic espionage. Accordingly, this statement discusses (1) cyber threats facing the nation’s systems, (2) reported cyber incidents and their impacts, (3) security controls and other techniques available for reducing risk, and (4) the responsibilities of key federal entities in support of protecting IP.
Read the Testimony Before the Subcommittee on Counterterrorism and Intelligence, Committee on Homeland Security, House of Representatives, here: