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Counting the cost of hacking

After hackers stole an Australian firm's designs, it was forced to slash prices to compete with counterfeits

Analysts say that many firms continue to turn a blind eye to cybersecurity even as hackers become increasingly sophisticated.


HACKERS steal US$160 billion worth of intellectual property from Western companies every year, according to cyber-security experts. The damage, they say, is incalculable, and Western governments have made it a priority to protect their nations' commercial assets.

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