On October 24th, 2011, Con Coughlin reported for The Daily Telegraph on how hacking by foreign governments and corporations is putting British companies out of business. Citing remarks from Maj Gen Jonathan Shaw, the head of the British Ministry of Defence's cyber security program, the article notes that British firms routinely have valuable commercial information stolen from them by overseas rivals.  These firms then go bankrupt after their blueprints are used to produce a much cheaper version of their product.  Interestingly, Gen. Shaw didn't see cyberattacks as a military threat, but more of an economic threat; Gen. Shaw believes that cyberattacks will cause Britain to lose its position as one of the world’s leading hi-tech manufacturers.

The source article can be found here.

On October 24th, 2011, Con Coughlin reported for The Daily Telegraph on how hacking by foreign governments and corporations is putting British companies out of business. Citing remarks from Maj Gen Jonathan Shaw, the head of the British Ministry of Defence's cyber security program, the article notes that British firms routinely have valuable commercial information stolen from them by overseas rivals.  These firms then go bankrupt after their blueprints are used to produce a much cheaper version of their product.  Interestingly, Gen. Shaw didn't see cyberattacks as a military threat, but more of an economic threat; Gen. Shaw believes that cyberattacks will cause Britain to lose its position as one of the world’s leading hi-tech manufacturers.

The source article can be found here.