Trans-Pacific Aerospace Company, Inc. (TPAC) recently retained Kryptos Communications, Inc. to provide secure calling technology.
The new technology will decrease the chances that Trans-Pacific and its strategic partners will be exposed to threats of industrial espionage.
Trans-Pacific is using this opportunity to increase awareness of these invasive threats against corporate security and personal security. Additionally, it urges other individuals and corporations to use security measures for their own communications.
The U.S. State Department recently said more than 700,000 eavesdropping devices are sold every year and that there are more than 6,500 industrial espionage incidents in the U.S. every year.
The espionage results in an average economic impact amounting to $1.25 million. In 2004, an annual report to Congress about Foreign Economic Collection and Industrial Espionage reported that industrial espionage costs the industry between $100 billion and $250 billion each year.
"I believe that most companies really underestimate the threat of industrial espionage and the impact that it can have on their business,” Bill McKay, CEO of TPAC, said. “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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