Corporate espionage also involves stealing trade secrets from a company known as industrial espionage or economic espionage. This includes stealing the company’s blueprints, business plans, formulas, products, financial information or other trade secrets. In most cases, access is obtained illegally and as a result, the victim may suffer personally and financially.
Thus the data and information collected can prove disastrous for the victim if some sensitive and private information is made public or if the victim is able to do so before the organization is claimed to have a patent or other rights.
Competition in the business world is increasing as before, with espionage investigations not only becoming commonplace but also a cause for concern in the corporate and industrial world. Many governments, large Corporate espionage houses, and multinational companies are willing to raise large amounts of money to steal technology secrets and intellectual property rights.
The reason why he is committed to espionage
Money has been found to be the number one reason in most cases of espionage. The desire to make quick and easy money can motivate a person to engage in such activities.
Revenge by an employee has been found to be the next common reason behind snooping. If a disgruntled employee investigation services feel that the organization is doing injustice to him, he may indulge in espionage with a motive to avenge himself.
Industrial espionage can take many forms including:
Attacking a competitor’s website with malware or hacking into his computer.
Torturing a competitor’s property and gaining access to files containing secret or important information.
Working as an employee for the victim stealing confidential or secret information
Sometimes, corporate espionage may not take such a dramatic form and it can be as simple as an employee leaving the organization to join a competitor. He can take the information available to him with him and transfer those secrets to his new employers.
Two misconceptions about espionage are very common among CEOs. One is that the risk of economic snooping is limited to large groups such as Microsoft, Pepsi or Google and is not so common or real. A second misconception among those who accept the danger is that this threat is adequately addressed by their anxiety, which is not usually the case.
They fail to realize that the advent of new and state-of-the-art technology can pose a threat to all those who are not adapted to new changes in the world of technology and constantly update themselves.
With technology passing every day becoming more advanced and cheaper, it has become much easier to steal information without coming into direct contact. Information can now be viewed or viewed easily from any device, gadget, computer or person.
Working as an employee for the victim stealing confidential or secret information
Sometimes, corporate investigation services may not take such a dramatic form and it can be as simple as an employee leaving the organization to join a competitor. He can take the information available to him with him and transfer those secrets to his new employers.
Two misconceptions about espionage are very common among CEOs. One is that the risk of economic snooping is limited to large groups such as Microsoft, Pepsi or Google and is not so common or real. A second misconception among those who accept the danger is that this threat is adequately addressed by their anxiety, which is not usually the case. They fail to realize that the advent of new and state-of-the-art technology can pose a threat to all those who are not adapted to new changes in the world of technology and constantly update themselves.
With technology passing every day becoming more advanced and cheaper, it has become much easier to steal information without coming into direct contact for Corporate espionage services. Information can now be viewed or viewed easily from any device, gadget, computer or person.
Anti spying operation
An anti-espionage operation aims to secure and protect intellectual property rights and prevent theft of company formulas, trade secrets, production processes, and schemes.
Companies are most vulnerable to espionage activities, especially in the areas of research, technology, telecommunications, energy, and defense sectors. Apart from business competitors, such companies can easily fall prey to espionage by intelligence-gathering agencies working on behalf of governments.
A professional approach is necessary to prevent such an attack, which has the potential to ruin the entire organization.
How to stop espionage
A comprehensive anti-espionage and security system in any organization should include the following four components:
1) Technical Security- To protect the electronic and IT system in the company, a proper system should be put in place to make computers, networks and voicemail safe, secure and confidential.
2) Operational security – involves securing business processes that are non-technical in nature. This is a complex process and involves securing the company’s various components and systems.
Examples of operational security measures may include:
A) Use of information only on a “need to know” basis.
B) Restrictions on the use of the internet, telephone and other communication lines in the company.
C) Implementing their own security policies on vendors and suppliers.
d) Background checks of employees, holding important positions in the organization.
) Monitoring contract workers who have free access to your facilities.
F) A thorough examination of research, research, development, manufacturing and sales processes to prevent leakage of information.
It is very important for the organization to keep a close watch on the employees who hold important positions in important areas of the organization like the Research and Development Department.
As new technologies and products are researched and developed in such departments, they are the most prone to spy agencies from competitors as well as intelligence agencies working for various governments.
