![]() ![]() Each of these industries spends a considerable amount on R&D and all experience immense pressures to get products to market quickly. Key technology industries that are often targeted include computer, semiconductor, electronics, automotive, aerospace, biotechnology, energy, pharmaceutical and high-tech manufacturing. However, technology is one of the most targeted industries. Industrial espionage and spying can occur in any industry - from food and beverage to fashion and entertainment. Collectively, these elements incent individuals and companies in technology fields to spy on each other and, if need be, to obtain information illegally in order to achieve competitive advantage. This makes time-to-market for new products critical. At the same time, technology moves rapidly in active markets. Industrial espionage is most often found in technology-focused companies, in part because of the considerable expense of technology research and development (R&D). Recording devices also may be secreted in a variety of items including eyeglasses, pens and USB sticks. The capacity of cell phones to record and transmit can also be exploited by leaving a phone in a boardroom, for example, and monitoring a meeting remotely. ![]() Typically, a targeted attack is conducted to gain initial network access and then an advanced persistent threat is carried out for continued data theft. Increasingly, the intrusion is through the corporate network. ![]() In that case, they might search wastebaskets or copy files or hard drives of unattended computers. Spies sometimes physically breach the target organization and investigate the premises. Spies may also infiltrate through social engineering tactics, for example, by tricking an employee into divulging privileged information. In many cases, industrial spies are simply seeking data their organization can exploit to its advantage.Īn industrial spy may be an insider threat, such as an individual who has gained employment with the company for the purpose of spying or a disgruntled employee who trades information for personal gain or revenge. The target of an investigation might be a trade secret, such as a proprietary product specification or formula, or information about business plans. Encrypting sensitive data 4.Industrial espionage is the covert, and sometimes illegal, practice of investigating competitors to gain a business advantage. Restricting access to certain areas of the company 3. Keeping confidential information under lock and key 2. By taking steps to prevent it, companies can protect their secrets and maintain a competitive advantage.Ĭompanies can take several steps to prevent industrial espionage, such as: 1. Industrial espionage is a serious threat to businesses, and can have a major impact on the bottom line. Infiltrating trade shows and conventions What can companies do to prevent industrial espionage? Hiring former employees of a rival company 2. There are many ways unscrupulous competitors may attempt to conduct industrial espionage, so companies must be vigilant in order to protect their secrets. What are examples of industrial espionage? Regardless of the cause, industrial espionage is generally considered to be a serious crime, and individuals or organizations found guilty of engaging in industrial espionage can face significant fines and even imprisonment. This type of espionage is often aimed at acquiring information that could be used to gain an advantage in international trade negotiations or to gain a strategic advantage in military or political situations. In other cases, industrial espionage may be carried out by government agencies or individuals working on behalf of a government. For example, a company may attempt to steal trade secrets from a competitor in order to develop a similar product or service more quickly and cheaply. In some cases, businesses may engage in industrial espionage to gain a competitive advantage over their rivals. ![]() There are many potential causes of industrial espionage. ![]()
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