A person’s job history can sometimes give an indication of whether they have been involved in industrial espionage in the past as well. References should give you a good idea of how trustworthy they are too. But if you hire people that are on the same page as you and share in your passion for the business, it’s much less likely that they will sell your secrets.īefore hiring anybody, you should always conduct a thorough background check to see if there is anything concerning in their past. If you hire people that are disloyal and generally self-serving, they will jump at the chance to earn some extra cash on the side by engaging in industrial espionage. However, the main issue is with disgruntled employees who decide to go over to a rival company so they can sell your secrets. It might seem over the top for a rival company to get somebody to apply for a job with your company but it does happen occasionally. These are some of the best ways to reduce that risk. If you don’t have a clear strategy in place to protect against corporate espionage, your business is at risk. People may also attempt to network with your employees and get information out of them and in some cases, they could even attempt to break into your office, although this is rare. But these days, cyber-attacks are also used for corporate espionage purposes, so it’s becoming more difficult to protect yourself. In the past, the easiest way would be for somebody to get a job with your company and then report back, and this is still a common strategy. There are a number of ways that other companies might try to gain information about you. Knowing what rival companies are planning to do next gives you a huge advantage, which is why many people still engage in corporate espionage. Perhaps you have a revolutionary manufacturing process that allows you to reduce costs and undercut your competitors, and they want to know how you do it. Maybe your competitors want to know what your new product is going to be so they can make their own version and put it out before you. Corporate espionage is a bigger problem than people realize and companies lose billions every year as a result.Ĭorporate espionage refers to any instance of somebody stealing information about your business and using it to further their own business interests. When you hear the word espionage you probably picture James Bond, but espionage isn’t just something that you find in movies, it’s something that could affect your business too.
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