FBI sees 53% surge in economic espionage and blames China

‘The Federal Bureau of Investigation (FBI) blames China for a significant surge in economic espionage cases across the United States.

The head of the FBI’s Counterintelligence Division, Randall Coleman, said at a briefing that the bureau has identified a 53 percent increase in the theft of secret trade information from US companies, inflicting hundreds of billions of damages over the past year.

“The predominant threat we face right now is from China,” Coleman said on Thursday.

The exact number of total cases of economic espionage is classified, but Coleman said it is “in the hundreds.”’

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