![]() Given the competitive advantage that comes from innovation, it isn't hard to see why corporate spying has become such a large cybersecurity risk. Disgruntled employees or a former employee who now works for a competitor can inadvertently or directly reveal proprietary information and corporate secrets. ![]() Much of it comes from an insider transferring trade secrets from one company to another. That said, not all corporate espionage is so dramatic. Looking for third-party data breaches and data leaks on the dark web.Using email spoofing and phishing to trick a competitor's employees into revealing confidential information or sensitive data.Attacking a competitor's website by exploiting a CVE-listed vulnerability.Gaining access to a competitor's internal network by abusing poor network security practices. ![]() Changing the registration of a competitor's domain name using domain hijacking.Hacking into or disabling a competitor's computer using a cyber attack like the WannaCry ransomware attack.Using wiretapping, a lack of SSL or another form of man-in-the-middle attack to listen in on competitor communication.Posting as a competitor's employee to learn trade secrets or gain access to their customers' personally identifiable information (PII).Trespassing on a competitor's property or gaining unauthorized access to their files.There are a number of techniques that fall under the umbrella of industrial espionage: The information derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable through proper means by, the public.The owner thereof has taken reasonable measures to keep such information secret and. ![]() The term trade secret means all forms and types of financial, business, scientific, technical, economic, or engineering information, including patterns, plans, compilations, program devices, formulas, designs, prototypes, methods, techniques, processes, procedures, programs, or codes, whether tangible or intangible, and whether or how stored, compiled, or memorialized physically, electronically, graphically, photographically, or in writing if: Trade secrets are defined in the Uniform Trade Secrets Act (UTSA) and state laws based on the UTSA. For example to determine the terms of a tender for a government contract. Theft of trade secrets, bribery, blackmail or technological surveillance with different types of malware.Īs well as orchestrating espionage on commercial organizations, governments can also be targets.Acquisition of intellectual property, such as manufacturing processes or techniques, locations of production, proprietary or operational information like customer data, pricing, sales, research and development, policies, prospective bids, planning or marketing strategies.What are the Forms of Economic and Industrial Espionage?Įconomic and industrial espionage has two forms: One of the main motivations United States President Donald Trump has given for escalating the trade war with China has been to fight against Chinese theft of U.S. As a result, other governments find themselves drawn into it too. That said, economic espionage is orchestrated by governments and is international in scope, while industrial or corporate espionage generally occurs between organizations.įoreign governments, especially those where many businesses are state-owned and have a strong focus on economic development, are common users of corporate spying. Corporate espionage is also known as industrial espionage, economic espionage or corporate spying. Corporate espionage is espionage conducted for commercial or financial purposes.
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