Scott Baucum, Vice President of Special Compliance and Asset Protection at Bayer U.S., shares his expertise on insider threats and economic espionage. Growing up in Texas, he transitioned from teaching agriculture to combating espionage aimed at biotech secrets. He discusses the complexities of insider threats, including a notable case involving a Chinese employee. Baucum emphasizes the need for proactive strategies to safeguard information, highlighting cultural differences in IP practices and the necessity of public-private partnerships for enhanced national security.
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Purple Maze Case
The FBI contacted Scott Bauckham after a Chinese seed company employee was caught digging up seeds in Iowa.
This incident, called the "Purple Maze" case, revealed Chinese efforts to steal agricultural technology.
insights INSIGHT
CCP's Motivation
The Chinese Communist Party targets American companies to steal valuable technology and bypass costly research.
This allows them to quickly catch up to American innovation without investing the same resources or time.
question_answer ANECDOTE
The One That Got Away
Bauckham lost one suspect after reacting too strongly.
The suspect fled the country after Bauckham revealed he knew of the suspect's connection to the "Purple Maze" case.
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Scott Baucum’s official title at Bayer U.S. is Vice President of Special Compliance and Asset Protection. But his day-to-day focus is stopping those bad actors attempting to infiltrate American technology companies to steal their proprietary data. Sometimes those scheming to steal exist within the ranks of the companies targeted. And as Scott Baucum knows firsthand, these “insider threats” often pose the most risk. Designated’s host, Yaya Jata Fanusie, spoke with Scott about what it's like being a target for economic espionage and to find out how a kid who grew up on a farm in Texas applies his vast agricultural knowledge toward dismantling Chinese spies plotting to steal biotech secrets from American companies.
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Illicit Edge: Breaking News for Financial Crime Yaya Jata Fanusie, a former CIA analyst with years of experience in counterterrorism and financial crime investigations, will go behind the scenes with the professionals working to safeguard the global financial system from illicit acts. #financialcrime #compliance #china #blockchain #espionage