Tuesday, September 10, 2013, 9/10/2013 08:44:00 AM

Uncle Sam’s Economic Espionage – Not Looking for Your Trade Secrets

From India’s Business Standard, a report on the comforting information, I guess, that the NSA’s collection of information from private companies is not looking for trade secrets, but only following terror money as it moves around the world.

This follows on the heels of reports that the NSA has hacked into the systems of various foreign companies including a Brazilian state oil company.


The report quotes James Clapper, Director of National Intelligence:
“What we do not do, as we have said many times, is use our foreign intelligence capabilities to steal the trade secrets of foreign companies on behalf of, or give intelligence we collect, to US companies to enhance their international competitiveness or increase their bottom line.”
This issue, obviously, is far from settled.

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