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Running head: Industrial and economic espionage Name: University: Lecturer: Date: Opportunities while managing the risks posed by industrial and economic espionage With the advances in technology, more information has been made available to global markets. Companies can now interact with each other at a much higher intelligence level. Sharing of information, and hence keeping abreast of any new advances, has become a lot easier. Unfortunately, this availability of information has had its setbacks. Some unscrupulous people now have even more means at hand of gaining information that they shouldnt have access to. This is industrial and economic espionage, and various laws exist against it (USDOJ, 2002).
Although some legal recourses exist that operate against economic and industrial espionage, sometimes the line between these crimes and competitive intelligence is not clear. In reality, these crimes are best interpreted on an individual, case by case base that considers the context. Because of this, the best way that a company can safeguard itself against the crimes is to take a unique initiative against them (Sam, N. D. ).
Several specific tasks can help accomplish this. The company should recognize that there is a real intelligence risk. Because of this, all trade secrets should be valuated and safeguarded from the public domain. Trade secrets have an independent economic value, and should always be treated as classified information. The safeguarding of the secrets needs a definite and secure plan or protocols to be followed by all staff members interacting with the trade secret.
Apart from that, all intellectual knowledge should be compartmentalized and confined only to the staff members who require it. And ultimately, all employees should receive ongoing training about intelligence security (FBI, N. D. ). Once a companys unique intelligence secrets have been identified and secured, it is easy to then share the public domain information with other companies.
Sharing such information is done with the understanding that the other companies also reciprocate, and hence there is a mutual benefit. With time, a balance between openness and security occurs naturally, as the companies enact mutually fulfilling but secure protocols of sharing information. References FBI (N. D. ). Focus on economic espionage 28 th July 2009 < web > Sam Vaknin (N.
D. ) Industrial espionage in the digital age 28 th July 2009 < web > USDOJ (2002) The economic espionage act 28 th July 2009 < web >
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Research essay sample on Running Head Industrial And Economic Espionage
