World Security Report2015-09-04 07:18:16

Trans-Pacific Aerospace Company has announced that it has selected Kryptos Communications to provide the company and its strategic partners with secure calling technology in order to reduce the company's exposure to industrial espionage threats.

The U.S. State Department estimates that there are over 700,000 eavesdropping devices sold each year. The State Department also reports that over 6,500 incidents of industrial espionage occur in the United States each year with an average economic impact of $1.25 million. An annual report to Congress in 2004 on Foreign Economic Collection and Industrial Espionage estimates that such activities cost anywhere from $100 to $250 billion annually.

Bill McKay, CEO of TPAC, stated: "I believe that most companies really underestimate the threat of industrial espionage and the impact that it can have on their business. TPAC is leading the way in taking the necessary steps to minimize the company's exposure to such threats by using readily available technology to combat such threats."

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