This article was originally published by the Council on Foreign Relations (CFR) on 16 October 2019.
Introduction
Threats to national and economic security emanating from cyberspace are all too real, but public disclosure of incidents of the theft of intellectual property (IP) is exceedingly rare. Former National Security Agency Director and the first Commander of Cyber Command Keith Alexander has labeled China’s theft of U.S. intellectual property through cyber means “the greatest transfer of wealth in history.” Few experts in the field dispute that conclusion. In November 2015, National Counterintelligence Executive William Evanina estimated that cyber-enabled economic espionage cost the U.S. economy $400 billion per year, with 90 percent of the theft originating in China.