Addressing 21st Century Threats - Corporate Espionage Security (12/14) Vol. 51, No. 12, P. 36 Dodge, Robert Corporate espionage is the essential risk to corporations in the 21st century, which is often referred to as the information age. The threat to information based assets is rapidly rising, with annual losses to corporate espionage now estimated to total $300 billion annually. The likely threats to businesses include insiders with access, criminal organizations, marketplace competitors, foreign intelligence agencies or state entities, as well as inadvertent disclosure. Corporate espionage can involve anything that gives an organization an advantage in the marketplace, and thus they should look to safeguard trade secrets and patents, executives and board members, human resources and staffing, research and development, manufacturing, sales and marketing, and company operations. Threat actors use methods such as recruiting insiders, hiring competitors staff, hacking into and surveillance of computer systems, and unsolicited inquiries via telephone and email. A corporate espionage program can help mitigate the threat and the key is to have a holistic risk management approach. The program should address personnel, physical and information security as well as legal support, education and awareness, intelligence, partnerships with government and industry, and internal communication.
Posted on: Tue, 30 Dec 2014 18:30:09 +0000
Trending Topics
Recently Viewed Topics
© 2015