Industrial espionage, economic espionage, corporate spying or corporate espionage is a form of espionage conducted for commercial purposes instead of purely national security. Sabotage And Industrial Espionage Industrial Espionage, the theft of trade secrets, corporate or economic espionage - whatever you call it - is a federal criminal offense as defined by the Economic Espionage Act of 1996.Īn industrial spy may be an insider threat, such as an individual who has gained employment with the company with the purpose of spying or a disgruntled employee who trades information for personal gain or revenge. READ: Is life hard in Taiwan? Do businesses spy on each other? If business is slow, a corporate spy may pick a company without being hired and then collect information to sell to interested bidders. The Business of Corporate Spying Corporate spies can run legitimate offices and are usually hired by firms to spy on other firms. 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. Industrial espionage is the illegal and unethical theft of business trade secrets for use by a competitor to achieve a competitive advantage. An example of espionage is when a spy infiltrates the government of another country to learn valuable state secrets. “Competitive intelligence” involves the legal and ethical activity of systematically gathering, analyzing and managing information on industrial competitors.Įspionage is defined as the act of spying or the use of spies by a government or a company. What is the name for someone employed to steal industrial secrets and other useful information from rival company?Ĭompetitive intelligence and economic or industrial espionage. READ: What happens if an array is being initialized within its declaration and too few initialization values are specified within the curly braces show this situation in C code? Penalties for corporate espionage can result in prison time and millions of dollars in damages. The law codified what a trade secret was and made stealing commercial secrets a federal crime. government governs corporate espionage by the Economic Espionage Act of 1996. Can you go to jail for corporate espionage? Placing a wiretap on a competitor’s phone. Posing as a worker in order to learn company trade secrets or other confidential information. Some common examples of industrial espionage include: Breaking into company files or trespassing onto property without proper authorization. What is an example of industrial espionage? 4 Is it illegal to spy on another company?.2 Can you go to jail for corporate espionage?.1 What is an example of industrial espionage?.
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