Global Fastener News

Manufacturing Secrets Can Be Stolen on Flash Drive

Manufacturing Secrets Can Be Stolen on Flash Drive
September 22
20:12 2016

FEATURE
Manufacturing Secrets Can Be Stolen on Flash Drive

A simple flash drive can give away your manufacturing secrets to competitors around the globe, the director of innovation policy for the National Association of Manufacturing warned the fastener industry.

Employees can be bribed by foreign companies or countries to turn over a flash drive that gives away company secrets that once would have filled a truckload, Brian Raymond told a joint session of the National Fastener Distributors Association and Pacific-West Fastener Association. Then a mirror factory somewhere else in the world can begin using the technology that a U.S. manufacturer developed.

“Government action is needed in updating the U.S. Privacy Act,” Raymond declared.

“Digital information flies around the world in a way that was not imaginable 30 years ago,” Raymond said.

Manufacturers have had to learn about cybersecurity and intellectual property theft.  E-mails, pricing, business plans, customer information and company strategies are on computers and servers around the world. The manufacturer–customer relationship is built on the trust that strategic secrets will not be shared beyond the partners. 

But Raymond is concerned the federal government is signaling its intent to access customer information of U.S.-headquartered manufacturers when that information is stored on servers outside the United States.

For the full story, FIN Subscribers can CLICK HERE.

Related Links:

• National Fastener Distributors Association

• Pacific-West Fastener Association

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Only registered users can comment.

error: Content is protected !!