Chicago Mercantile Exchange Secrets Leaked To China 121
chicksdaddy writes with this excerpt from Threat Post: "A 10 year employee of CME Group in Chicago is alleged to have stolen trade secrets and proprietary source code used to run trading systems for the Chicago Mercantile Exchange and passed them to officials in China, where he hoped to set up a software firm to help create electronic exchanges, according to a criminal complaint filed in U.S. District Court in Illinois. Chunlai Yang, 49, is alleged to have downloaded "thousands of files" containing "source code and proprietary algorithms" used by CME to run its trading systems. The files were downloaded from a company-owned source code repository maintained by CME to Yang's work computer, then copied them to removable "thumb" drives. The complaint also cites personal e-mail correspondence between Yang and an official in China that contained proprietary CME information."
Shades of an Earlier Era (Score:3, Insightful)
The United States was mighty competitive with Great Britain around the turn of the last century.
Same game, different faces.
Re:BTW, The Suspect is a US Citizen (Score:5, Insightful)
Lame troll is lame.
Natural born citizens sell out to foreign countries all the time. Greed is not based on nationality or place of birth.
Re:Thousand Grains of Sand (Score:2, Insightful)
The Chinese learned the lessons of history well. Stealing industrial secrets from China was a favourite of Europeans:
"Similar to other European travellers of the period, such as Walter Medhurst, Fortune disguised himself as a Chinese merchant during several, but not all, of his journeys beyond the newly established treaty port areas. Not only was Fortune's purchase of tea plants forbidden by the Chinese government of the time, but his travels were also beyond the allowable day's journey from the European treaty ports."
http://en.wikipedia.org/wiki/Robert_Fortune
We'll see if the Chinese stoop as low as the Europeans and Americans did during the Opium War, where they forced the Chinese to buy drugs from them.
http://en.wikipedia.org/wiki/Opium_Wars
Comment removed (Score:3, Insightful)
Re:Thousand Grains of Sand (Score:5, Insightful)
For as long as there has been property, there have been thieves. The U.S. stole much of its industrial-revolution era technology from the U.K. Europe stole many of the ideas that brought about the renaissance from the Arabs. The Arabs stole much of this engineering knowledge from the Byzantine Romans. They in turn stole from anyone they could lay their blood covered hands on. That's how it works. How can people on Slashdot bitch about software patents, and then complain about Chinese theft of software?
They're ideas, goddamnit. They spread. That's why they're beautiful.