Stealing assets such as hard drives and laptops to gain access to the data they containĬorporate Espionage vs Competitive IntelligenceĬorporate espionage/industrial espionage refers to the unlawful acquisition of proprietary information through means such as bribery, technological surveillance, the recruitment of spies, etc.Gaining access to computer systems such as computer databases via a cyber attack for the purposes of technological surveillance or stealing company data.Hiring an ex-employee of a competitor with the intent of gaining access to insider information.Having an employee of one company get hired by another company for the purpose of acting as a corporate spy for their primary employer. economy of counterfeit goods, pirated software, and theft of trade secrets is between $225 billion and $600 billion. While high-tech industries such as manufacturing, life sciences, automotive, and aerospace are most commonly the targets of corporate espionage, any company with sensitive proprietary data can become a target.Īccording to the National Bureau of Asian Research, the annual cost to the U.S. Corporate espionage is practiced by foreign companies, a foreign agent, a foreign government, and commercial organizations in the private sector to enhance economic development, build more advanced military technology, and gain a competitive advantage. §§ 1831-1839, defines the term “economic espionage” as the theft or misappropriation of a trade secret with the intent or knowledge that the offense will benefit any foreign government, foreign instrumentality, or foreign agent.Ĭorporate espionage is the unlawful practice of obtaining non-public proprietary or operational information. The Economic Espionage Act of 1996 (EEA), 18 U.S.C. But in fact, many of the same techniques - and even many of the same spies - work in both realms.” CSO Online We usually think of “espionage” in terms of spies working on behalf of one government trying to get information about another. “Corporate espionage - sometimes also called industrial espionage, economic espionage or corporate spying - is the practice of using espionage techniques for commercial or financial purposes. Key Definitions What is Corporate Espionage? Bonus: Top 10 Most Infamous Cases of Corporate Espionage (WatchMojo).5) Boeing Engineer Sells Trade Secrets To China (2010).4) Disgruntled Employee Attempts To Sell Coca-Cola's Secret Formula To Pepsi (2006).2) Avery Dennison Corp Vs Four Pillars Enterprises Ltd.1) Gillette vs Steven Louis Davis (1997).Protect Your Company Against Industrial Espionage.Viking Yachts Protects Intellectual Property From a Departing Employee (Corporate Espionage Case Study).Corporate Espionage vs Competitive Intelligence.
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