![]() In a real-life case, a Boston man was convicted on a charge of foreign economic espionage for providing trade secrets to an undercover federal agent posing as an Israeli intelligence officer. Foreign nationals physically break into the computer plant, taking pictures and videos of the widget company’s proprietary information and immediately send it back to their country of origin in hopes of recreating the technology without having to pay for research. For example, imagine spies targeting a computer widget manufacturer hoping to gain an edge in their market by stealing manufacturing techniques. companies, leading to the loss of hundreds of billions of dollars in 2015 alone. The FBI stated in 2015 that economic espionage was on the rise, seeing a 53 percent increase in these cases against U.S. Those convicted under this statute face fines up to $500,000 per offense and imprisonment of up to 15 years for individuals, and fines of up to $10 million for organizations. The goal of economic espionage actors is to save a company the money it would typically spend on research and development by just copying the processes of proven methods of production. ![]()
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