Browse Definitions :
Definition

industrial espionage

Contributor(s): Ivy Wigmore

Industrial espionage is the covert and sometimes illegal practice of investigating competitors to gain a business advantage. The target of investigation might be a trade secret such as a proprietary product specification or formula, or information about business plans. In many cases, industrial spies are simply seeking any data that their organization can exploit to its advantage.

An industrial spy may be an insider threat, such as an individual who has gained employment with the company with the purpose of spying or a disgruntled employee who trades information for personal gain or revenge. Spies may also infiltrate through social engineering tactics, for example by tricking an employee into divulging privileged information. 

Spies sometimes physically breach the target organization and investigate the premises. In that case, a spy might search waste baskets or copy files or hard drives of unattended computers. Increasingly, the intrusion is through the corporate network. Typically, a  targeted attack is conducted to gain initial network access and then an advanced persistent threat (APT) is carried out for continued data theft. The capacity of cell phones to record and transmit can  also be exploited by leaving a phone in a boardroom, for example,  and monitoring a meeting remotely. Recording devices are also secreted in a variety of items including eyeglasses, pens and USB sticks. 

Industrial espionage is distinct from competitive intelligence (CI), which is confined to the gathering of publicly available information. 

This was last updated in October 2012

Continue Reading About industrial espionage

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

File Extensions and File Formats

SearchCompliance

  • risk management

    Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings.

  • compliance as a service (CaaS)

    Compliance as a Service (CaaS) is a cloud service service level agreement (SLA) that specified how a managed service provider (...

  • data protection impact assessment (DPIA)

    A data protection impact assessment (DPIA) is a process designed to help organizations determine how data processing systems, ...

SearchSecurity

  • computer worm

    A computer worm is a type of malicious software program whose primary function is to infect other computers while remaining ...

  • Single Sign-On (SSO)

    Single sign-on (SSO) is a session and user authentication service that permits a user to use one set of login credentials (e.g., ...

  • Certified Information Systems Auditor (CISA)

    Certified Information Systems Auditor (CISA) is a certification issued by ISACA to people in charge of ensuring that an ...

SearchHealthIT

SearchDisasterRecovery

  • business continuity plan (BCP)

    A business continuity plan (BCP) is a document that consists of the critical information an organization needs to continue ...

  • disaster recovery team

    A disaster recovery team is a group of individuals focused on planning, implementing, maintaining, auditing and testing an ...

  • cloud insurance

    Cloud insurance is any type of financial or data protection obtained by a cloud service provider. 

SearchStorage

Close