Report: China Steals $300 Billion of American Ideas Every Year – Costing US Economy 2.1 Million Jobs (Video)

A new study led by Dennis Blair, who served as President Barack Obama’s first director of national intelligence, and former Utah Governor Jon Huntsman, who served as U.S. ambassador to China from 2009 through 2011 found that the US loses billions in intellectual property to Chinese hackers every year. The report found that an estimated 2.1 million American jobs were lost due to intellectual theft.

The report recommends corporations hire what amount to full-time IT security guards who patrol their networks — assisted by automated systems that scan for software behaving strangely, a telltale sign of malware — looking for intruders.

Via Catherine Herridge at Special Report:

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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