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Government officials are calling it the biggest threat to America’s economic security. Cyber spies hacking into U.S. corporations’ computer networks are stealing valuable trade secrets, intellectual property data and confidential business strategies. The biggest aggressor? China. CNBC’s David Faber investigates this new wave of espionage, which experts say amounts to the largest transfer of wealth ever seen – draining America of its competitive advantage and its economic edge. Unless corporate America wakes up and builds an adequate defense strategy, experts say it may be too late.
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