Tuesday, January 11, 2011

Time/CNN: How Common is Corporate Espionage?

At first glance, news that Renault's cutting-edge electric-car program appears to have fallen victim to industrial espionage is especially remarkable due to the suspects: three top company executives, including a member of the firm's management committee. But the alarm that the revelation has provoked in France is also a measure of how big a threat corporate spying has become to French industry — and an indication of just how common that covert activity has become elsewhere, too.

"It's a broad threat to French industry, [and though] the expression 'economic war' is often outrageous, it is appropriate this time," French Industry Minister Eric Besson told RTL radio on Jan. 6, referring to the Renault saga. "It highlights the risks that our companies face from industrial spying." (more)

He speaks for all countries. ~Kevin