In many instances, the unwanted disclosure of secrets could have been easily avoided if firms had simply put more thought into controlling the flow of information. It is particularly important that firms identify the most sensitive information and facilities and ensure that these are given extra layers of protection.Įstablish Policies for Controlling Information This means setting up surveillance systems, securing entry points, and hiring or contracting specialized personnel. As such, firms should ensure the physical security of their offices, equipment, and infrastructure. The same measures that are effective against run-of-the-mill criminals are also effective at protecting businesses from industrial spies. However, it should be kept in mind that visitors, customers, business partners, hackers, activist groups, and even foreign national governments are all potential threats and should be considered when building a counterespionage plan. For instance, a company’s competitors may pose the most obvious danger. By properly evaluating their intellectual property, firms will be more able to establish priorities and allocate security resources to better protect their most vital secrets.īefore firms develop strategies to counter industrial espionage, they need to understand what organizations present the largest threat. Firms cannot deduce the true value of their trade secrets until they understand how these secrets stack up against the technology and best practices of their competitors. This not only involves looking inward, but looking outward as well. The first step to protecting a company’s trade secrets is to identify exactly what those secrets are. The following are 10 simple strategies businesses can follow in order to reduce their risk of corporate espionage and maintain their competitive edge.
That is why it is crucial for firms to adopt a defensive posture against this ever-persistent threat. Unfortunately, many perpetrators of corporate espionage are affiliated with foreign governments or remain anonymous, making prosecution difficult if not impossible. Even though it is illegal, industrial espionage continues to be a threat for global firms, and it is critical that businesses take steps to protect their most vital information. Unfortunately, these advantages are becoming ever more vulnerable to exploitation by corporate spies. For some firms, trade secrets and proprietary technology are their single largest competitive advantage.
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