Cybersecurity & Espionage Articles
Trial of Ex-Coca-Cola Principal Engineer Accused of Espionage and Stealing Trade Secrets Begins4/15/2021 https://www.jdsupra.com/legalnews/trial-of-ex-coca-cola-principal-7166135/
The trial of Xiaorang You (aka “Shannon You”)—the principal research engineer accused of stealing trade secrets from several companies, including Coca-Cola—began on April 6, 2021 in the Eastern District of Tennessee at Greeneville. Ms. You was indicted by a grand jury on February 12, 2019 for theft of trade secrets, conspiracy to commit theft of trade secrets, and wire fraud. The trade secrets were valued at more than $119 million. In August 2020, a superseding indictment added additional charges related to economic espionage.
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https://sayari.com/blog/chinese-communist-party-cells-in-private-companies-though-not-yet-universal-increasingly-situated-to-play-greater-roles-in-corporate-governance/
Private companies in China are under greater pressure than ever before to give the Chinese Communist Party (CCP) more say in corporate governance. Yet in spite of this pressure, less than half of all enterprises in China house Communist Party cells, most citing an inability to build one due to lack of party members in their organization. Even within companies that have Party cells, it remains unclear how management strategies in the Party perfected within government can be used to further control the private sector. The shift to formalizing the CCP’s role in private companies began only recently. While CCP cells have always been encouraged in the private sector, most companies were allowed to operate in an environment of benign neglect as far as the CCP was concerned. In 2002, less than 27 percent of private companies contained a party cell, among which they held no standard corporate role. https://www-csoonline-com.cdn.ampproject.org/c/s/www.csoonline.com/article/3613953/coca-cola-trade-secret-theft-underscores-importance-of-insider-threat-early-detection.amp.html
The trial of Xiaorong You is set to begin today, April 6, in Greenville, TN. She is accused of trade secret theft and economic espionage after allegedly stealing bisphenol-A-free (BPA-free) technologies owned by several companies, including her former employers Coca-Cola and Eastman Chemical Company. The value placed on the development of the stolen technologies is $119.6 million. Other affected companies include Azko-Nobel, Dow Chemical, PPG, TSI, Sherwin Williams and ToyoChem. The details of the case suggest that the damages You is allegedly responsible for could have been minimized if better real-time insider threat detection methods had been in place. They also outline possible motives for the theft of the intellectual property: ego and money. |
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