Barack Obama’s war on cyber espionage has not stopped theft of trade secrets

Washington: Two years ago, the Obama administration announced a new strategy to curb online espionage.

The White House said it would increase public awareness of the threat, encourage the private sector to increase its defences, focus diplomacy on protecting trade secrets overseas, improve trade secret theft legislation and make investigations and prosecutions of corporate and state-sponsored trade secret theft a top priority.

Since then, public awareness is up and so is spending. But the hacking continues. Continue reading