#Economic espionage definition how to#
corporations, establishments, or persons, designed to unlawfully or clandestinely influence sensitive economic policy decisions or to unlawfully obtain sensitive financial, trade, or economic policy information proprietary economic information or critical technologies.Ĭompetitive Intelligence is the c ontinuous process of monitoring a firm's industry or market to identify current and future competitors, their current and announced activities, how their actions will affect the firm, and how to respond. In contrast, corporate spying refers to information gathering - some legal, some not - of employees and companies without their knowledge or consent. Industrial Espionage is the theft of trade secrets by the removal, copying or recording of confidential or valuable information in a company for use by a competitor.Įconomic Espionage is foreign power-sponsored or coordinated intelligence activity directed at the U.S. When this theft is done to benefit foreign countries, it is. Double Agent Case Studies Toggle DropdownĬorporate Espionage is the unlawful theft/acquisition of intellectual property, such as key trade secret and patent information as well as industrial manufacturing techniques and processes, ideas and formulas. These assets are collectively known as trade secrets, as they derive their value from their secrecy.It may disrupt trade between target states and potential buyers. Espionage definition: Espionage is the activity of finding out the political, military, or industrial secrets. Economic espionage erodes the value of a target state’s assets.
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Christopher John Boyce & Andrew Daulton Lee The effects of economic espionage are almost wholly negative.
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