Thursday, August 29, 2013

Government and Business Team Up Against Espionage...

Germany - Faced with increasing rates of espionage attempts directed at companies, German government and business leaders have agreed on hammering out a joint protection strategy. Raising awareness is the first objective.

The German government and business organizations agreed on Wednesday that domestic companies needed stronger protection from espionage and cyber crime. They signed a declaration on hammering out a joint defense strategy and pooling resources for the most efficient infrastructure to ward off risks...

The Association of German Chambers of Commerce and Industry (DIHK) added putting an efficient security infrastructure in place should not be viewed by smaller firms as a way of wasting money.

"The costs those firms might incur through espionage and the resulting theft of intellectual property and know-how tend to be much higher than the investment in a good security setup," DIHK President Eric Schweitzer emphasized. (more)

Brilliant! Time for the U.S. to do the same.