Friday, December 31, 2010

Hedgers Hedging Bets Teach Lessons

The arrests of three technology company workers who allegedly sold secrets about Apple Inc., Dell Inc. and Advanced Micro Devices Inc. signal the U.S. may be closing in on the hedge funds that paid for their expertise.

The men, who worked at AMD, Flextronics International Ltd. and Taiwan Semiconductor Manufacturing Co., were arrested yesterday on securities fraud and conspiracy charges for a scheme that Manhattan U.S. Attorney Preet Bharara said operated from 2008 to early 2010...

A corrupt network of insiders at some of the world’s leading technology companies served as so-called consultants who sold out their employers by stealing and then peddling their valuable inside information,” Bharara said in a statement yesterday. (more)

The Lessons...
As in the real spy world, the people who eavesdrop and steal your intellectual property will most likely be agents – a layer of insulation between you and the people who will ultimately use your information against you. This allows your enemy a degree of plausible deniability if their operations are exposed.

Pro-active countermeasures work.
Don't wait. Start the New Year right. Add a counterespionage strategy to your corporate security program. I would be pleased to assist you.

Happy New Year!
 Kevin