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How firms can protect themselves after Five Eyes accuse China of IP theft | The Business | ABC News

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The head spies from Australia and the US have accused China of conducting the most sustained and sophisticated theft of intellectual property ever. At their first ever public gathering in California, the Five Eyes intelligence alliance have agreed to a crackdown on Chinese economic espionage. ASIO boss Mike Burgess said the Chinese government has sanctioned wholesale IP theft over a period of decades. Former special adviser to the prime minister on cyber security and current chief strategy officer at Cyber CX Alastair MacGibbon says China has been responsible for a massive reduction of wealth in the West and transferring it to Beijing.
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