Financial information: can be used to offer better deals to steal customers, win bids, or even steal employees.
The board can then request management seek external expertise and create a plan. Far bigger boards may want to ask management what their internal processes and protections are. Solely focusing on the threat of a cyber-attack and ignoring the threat of corporate espionage, this is a serious risk that boards should consider. By comparison, the impact of business-critical data being stolen remotely is estimated to be $400bn a year, G4S estimates. G4S, a British multinational security services company headquartered in London estimates the cost of Corporate Espionage is as high as $1.1 trillion annually. Authorities apprehended Chen the day before he was set to leave for China where it was learned he had applied for a job with a competing autonomous drive company.Įspionage is something that can affect companies of any size and the likeliest threat is from within your organization. They also found about a hundred photographs taken inside an Apple building. Apple Global Security searched Chen’s computer where they found thousands of files containing Apple’s intellectual property, including manuals, schematics, and diagrams.
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