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You are here: Home EU books Stealing thunder - Will cyber espionage be allowed to hold Europe back in the global race for industrial competitiveness?

Stealing thunder - Will cyber espionage be allowed to hold Europe back in the global race for industrial competitiveness?

Author: Hosuk Lee-Makiyama
Price FREE
Publisher European Centre for International Political Economy (ECIPE)
Publication date 07 February 2018
ISBN
Publication synopsis European and US officials warn that foreign governments are hacking into "everything that doesn't move" to steal commercial secrets. Europe is securing personal information with all its might, but what about business information? Information like ongoing contract negotiations, customer and marketing data, product designs and R&D are commonly uploaded to the cloud already today. The risk of hacking is increasing exponentially as 26 billion personal devices, business and industrial equipment are about to become seamlessly connected in Industry 4.0. Within five years, an entire connected business can be copy-pasted, stolen and handed over to a competitor by a government-sponsored hacking group. While all governments spy, ipso facto. But only a few do so to hand over the information to their industry. Spying is highly lucrative, especially for emerging countries.

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