intel logo Former Intel employee jailed for three years over stealing trade secrets

A former employee of Intel has been given a three year jail term after being found guilty of stealing company secrets worth millions of dollars.

A former employee of Intel has been given a three year jail term after being found guilty of stealing company secrets worth millions of dollars.

 
Biswamohan Pani, 36, stole chip manufacturing and design documents worth between $200 million and $400 million from the chip giant in May 2008 after announcing his resignation. He then took a job at rival company AMD.
 
The man pleaded guilty to five counts of wire fraud and was given a three year sentence, in addition to two years probation and a fine of $17,500, according to the Associated Press.
 
intelmotherboard Former Intel employee jailed for three years over stealing trade secrets
 
AMD said it did not know of Pani's actions. It co-operated with police investigations of the theft of Intel's trade secrets after Intel detected the security breach.
 
The revelation shows the high value of such closely-guarded data, but it also exposes the poor security in place. Presumably Pani had higher security clearance than many other staff at the company, but the damage that can be done by just a single rogue employee could be catastrophic.