Industrial espionage is
the illegal and unethical theft of business trade secrets for use by a competitor to achieve a competitive advantage
. … Industrial espionage has grown with the help of the internet and lax cybersecurity practices.
What is the goal of industrial espionage?
Economic or industrial espionage takes place in two main forms. In short, the purpose of espionage is
to gather knowledge about one or more organizations
. It may include the acquisition of intellectual property, such as information on industrial manufacture, ideas, techniques and processes, recipes and formulas.
What is an example of industrial espionage?
Types of industrial espionage
Trespassing onto a competitor’s property or accessing their files without permission
.
Posing as a competitor’s employee
in order to learn company trade secrets or other confidential information. Wiretapping a competitor. Hacking into a competitor’s computers.
Why is industrial espionage an important issue in strategic management?
Espionage activities can
help companies develop innovation and maintain or improve the competitive position of business
. Strategically theft incidents negatively hurt the company, but can provide positive lessons to improve weaknesses in the defense of the risk of corporate data espionage.
What is the difference between competitive intelligence and industrial espionage?
While competitive intelligence is characterized by honest research,
espionage is by definition shady and secretive
. It’s more akin to going through the competition’s garbage, looking for clues, than it is to legitimate fact-finding.
Is industrial espionage a crime?
Industrial espionage is
the illegal and unethical theft of business trade secrets for use by a competitor to achieve a competitive advantage
. It is often done by an insider or an employee who gains employment for the express purpose of spying and stealing information for a competitor.
What is espionage and examples?
Espionage is defined as the act of spying or the use of spies by a government or a company. An example of espionage is
when a spy infiltrates the government of another country to learn valuable state secrets
. … The use of spies in industry or commerce to learn the secrets of other companies.
How does industrial espionage occur?
Industrial espionage is the covert, and
sometimes illegal, practice of investigating competitors to gain a business advantage
. Spies may also infiltrate through social engineering tactics, for example, by tricking an employee into divulging privileged information. …
What is the meaning of espionage system?
:
the practice of spying or using spies to obtain information about the plans and activities
especially of a foreign government or a competing company industrial espionage.
What is the difference between corporate and industrial espionage?
What is the difference between corporate and industrial espionage? A. Industrial espionage only refers to heavy industry, such as factories. …
Corporate espionage only refers to publicly traded companies
.
Is it illegal to spy on another company?
Is Industrial Espionage Illegal?
It is not illegal to spy on a private company as long as the information is obtained by legal means
. … The U.S. government governs corporate espionage by the Economic Espionage Act of 1996. The law codified what a trade secret was and made stealing commercial secrets a federal crime.
What is espionage in cyber security?
Cyber espionage, or cyber spying, is
a type of cyberattack in which an unauthorized user attempts to access sensitive or classified data or intellectual property (IP) for economic gain, competitive advantage or political reasons
.
What is competitive intelligence example?
Examples of competitive intelligence include
stock traders who analyze the data on prices and price movements to determine the best investments
. … Another example of successful use of competitive intelligence is AT&T’s database of in-company experts.
What are the sources of competitive intelligence?
- Competitor websites. Your website is the window to the world. …
- Annual reports. …
- Premium databases. …
- Syndicated reports/ analyst reports. …
- Primary research. …
- Social media. …
- Patent databases.
Is competitive intelligence gather ethical?
So, based on the law,
competitive intelligence is completely legal
. … Gathering information by not disclosing who you are to a competitor or by lying would be considered unethical, but it’s not illegal. The best competitive intelligence professionals don’t conduct their practice through illegal or unethical means.
