Wednesday, April 1, 2009

Big Business Espionage - Espionage Business Big

via the REI newsletter...
So how big is the problem and who’s at risk? Tim Barker of the Orlando Sentinel in his article “Are you safe from corporate spies” summed it up this way, “There is an easy way to figure out if you might be a target: If you sell anything worth buying, you’ve got something worth stealing.”

A recent article by Kevin Greenberg at tells of a study by Purdue’s Krannert School of Management where CIOs were surveyed about the loss of intellectual properties in 2008. The value of lost information is staggering. Of the 119 respondent CIOs, the value of stolen information last year was $559 million or $4.6 million per company. (more)