Counter industrial espionage involves the infiltration of a competitor inside the company to collect information that would cause the downfall of the company if it is used against to divulge confidential and sensitive information to the public. It intends to use the illegally obtained information to keep an eye of a particular company’s operation usually for financial gains. However, as time unfolds, it becomes less dramatic as it is before because at present it can also be done when your competitor hires an upset ex-employee of your company. He or she will be asked to share knowledge about your company and use it on their advantage.
This scheme can take a toll on the company’s reputation, and it cost a lot of damage financially considering the potential loss of confidence of your customers to your brand if ever a competitor releases harmful information.
The management and those charged with governance should be conscious of the value of the information they use daily, and the most crucial issue regarding industrial espionage is that it should not be taken lightly. The best practice is always setting up an encryption system of communication, secure data storage, regular internal and external security review and practical staff training and lectures of organizational culture and brand reputation.
With our service, we can help your organization to develop and create fool-proof internal control to ensure internal security. We start it by assessing the current status of your information security system by checking for controls and looking for ways on how to tighten it.
Counter industrial espionage should be confronted heads on as it can cost you a lot if you disregard it. Protecting your sensitive information such as research reports, customer list, and financial information is vital for you to secure your growth plans.
To avoid any possible damage to your company’s reputation or profits due to industrial espionage, it is essential to understand it and have robust policies and practices in place to counter it.
