News sent out via mailchimp.
Japan vows to fight industrial espionage
Several media outlets said police had arrested a former engineer at a Toshiba affiliate on suspicion of improperly providing technical data to South Korea’s SK Hynix Inc.
Media reports of espionage can cause severe financial damage on their own: Toshiba’s shares fell 0.9 percent on Thursday, 3/13, compared to the 0.1 percent drop in Tokyo’s benchmark Nikkei average, after reports of espionage were revealed.
From Engineering and Technology Magazine, 13 March, 2014
Japan has vowed to fight industrial espionage after reports of leaks from local companies, including Toshiba, to rivals in other countries.
Several Japanese media outlets have reported that police had arrested a former engineer at a Toshiba affiliate on suspicion of improperly providing technical data to South Korea’s SK Hynix.
The Nikkei newspaper also reported today that police had arrested an unspecified number of people in Yokohama and Aichi in 2012 for alleged leaks of industrial secrets […]