Alarm Over China Spying, Hacking
Former Counterintelligence Boss Says Losses Not Hyped
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William Evanina, the recently departed head of the U.S. National Counterintelligence and Security Center, says Chinese espionage and covert hacking operations are costing America “around $500 billion a year in economic losses, just in the theft of intellectual property and trade secrets.”
The loss boils down to“$4,000 for every American family of four af…