Mobile phones, hard drives, CDs, ring binders and calendars are amongst the items most frequently stolen from offices. Client lists, stakeholder information, development plans, inventory lists, financial information and more are all easily accessible to well trained hackers.įrom internal staff to cleaning ladies and delivery boys, any person who has access to your building and a USB drive has the potential to steal important information to sell on. “Hacking” is defined as gaining unauthorised access to data in a system or computer and, as such, if your business holds important information on a server, web platform or office hardware, without appropriate protection your data is at risk of being stolen. ![]() Some of the most common forms of corporate espionage include: Over the last ten years alone, following global recessions, redundancies and pay cuts, businesses around the world have experienced a significant increase in the levels of corporate espionage, enacted as a means of personal gain or to assist in a competitor’s ability to achieve a particular goal. Turning a blind eye to corporate espionage, with the notion that “it can’t happen to me,” or thinking that nobody would be interested in your organisation can only land you in trouble. That’s right, whether you’re a corner store on Smith Street or a multinational bank, you can fall victim to the hands of corporate espionage. Spying on behalf of a competitor, or for personal gain, is an act that small, medium and large businesses in Australia, across all industry sectors can expect to suffer. So, who’s at risk of corporate espionage? The target of investigation might be a trade secret such as a proprietary product specification or formula, or information about business plans.” Now, while that might seem like a bit of a mouthful, it’s really a lot simpler than it sounds.Ĭorporate Espionage be as unassuming as stealing a mobile phone full of important contacts to land a good job or as complex as uncovering expansion plans and applying specific strategies to lower a competitor’s stock price. Unfortunately, corporate espionage isn’t necessarily always as classy or explosive as Ian Fleming might describe but, unlike James Bond, its dangers to Australian business are very real indeed.Ĭorporate espionage, otherwise known as industrial espionage, is defined as “the covert and sometimes illegal practice of investigating competitors to gain a business advantage.
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