Tuesday, May 31, 2016

Concerns for Energy Espionage Climb

The FBI is warning U.S. energy companies that the oil industry's downturn is increasing their vulnerability to theft of technological secrets.

Companies that long have faced the prospect of economic espionage must now be prepared for the possibility that workers who have been laid off could be targeted by foreign entities and competitors wanting to steal intellectual property. 

"FBI investigations indicate economic espionage and trade secret theft against U.S. oil and natural gas companies and institutes are on the rise," according to an unclassified briefing report prepared for the energy industry.

Agents shared the report recently with about 150 energy sector executives, managers and others who gathered behind closed doors at the FBI building... more