|By Marketwired .||
|May 21, 2014 02:20 PM EDT||
FRIDAY HARBOR, WA -- (Marketwired) -- 05/21/14 -- Early this week the U.S. Department of Justice filed a historic indictment against five Chinese military officers involved in state-sponsored theft of corporate crown jewel IP. This is the first instance in which action has been taken against a foreign government in connection with the practice of state-sponsored intellectual property theft. The Strategic News Service's (SNS) INVNT/IP (Inventing Nations Vs. Nation-sponsored Theft of Intellectual Property) Global Consortium is proud to extend its congratulations to the involved corporations and the U.S. government for taking a strong legal stance to protect our ability to continue to be an inventing nation.
Intellectual property theft is among the most critical issues facing the modern economic world today. Although many countries engage in spying and theft of trade secrets, China has a national business model that includes the practice of institutionalized theft of the inventing world's most precious privately held assets. Recent public evidence has documented that the level of cyber intrusions emanating from China resulting in theft of valuable proprietary information has reached an unprecedented level.
"While China continues to try to confuse and mislead its victims -- and threaten various forms of retaliation for even complaints about being robbed -- victim nations and companies must exercise will and courage in making these attacks too expensive to be continued," said Mark Anderson, SNS CEO and INVNT/IP Chair. "Many are not yet aware that a large portion of China's wealth comes not from cheap labor, but from a national program of IP theft which forms an integral part of the state economy. The result has been not only a transfer of wealth and jobs from nations which thrive from innovation, but also the outright destruction of companies and even whole sectors of global enterprise. The actions by the Department of Justice in bringing these charges may help the Chinese to recalculate the cost of this program of theft, and to decide that innovation really is the path they would prefer to choose."
INVNT/IP represents the world's top technology companies in working with lead government agencies and universities worldwide to protect "crown jewel" intellectual property. The Consortium conducts active programs for the promotion of IP value recognition and protection through cooperation among its corporate members and global government network. It currently operates in Australia, the U.S., the U.K., and the E.U.
For more information about INVNT/IP, visit the website: www.invntip.com.
The Strategic News Service was founded by Mark Anderson in 1995 as the first subscription-based online news service. Since its inception, SNS has proven the most accurate predictive report covering technology and the global economy. Its subscribers include top managers at technology and finance companies across the globe, including Oracle, Microsoft, Dell, HP, Cisco, Intel, Google, British Telecom, SpaceX, Amazon, Telstra, and others.
SNS has been operating the annual FiRe conference since 2003. FiRe exposes world experts and participants to new ideas, and conversations about them, producing an accurate portrait of the future; and focuses on creating technology solutions to current local and global problems. FiRe 2014 will take place May 20-23 at the Montage Laguna Beach, California. For more information and to register, go to www.futureinreview.com.
Future in Review is a Strategic News Service conference. Future in Review and Strategic News Service (SNS) are registered international trademarks. The "SNS Global Report" is the most accurate publicly ranked predictive newsletter in computing and communications.
Strategic News Service