Corporate espionage via social media rampant in India

India - Over 35 per cent of companies operating in various sectors across India are engaged in corporate espionage to gain advantage over their competitors and are even spying on their employees via social networking Web sites, according to a just-concluded survey undertaken by apex industry body Assocham.

Mr D.S. Rawat, Secretary-General, Assocham.

Assocham carried out a covert survey during the January-May period and interacted with about 1,500 CEOs and EDs from diverse sectors in Ahmedabad, Bangalore, Chennai, Delhi-NCR and Mumbai to ascertain the measures taken by India Inc to safeguard their data, plans, clients' details, products and other confidential and trade-related secrets.

Besides, Assocham representatives also interacted with about 200 private eye agencies, corporate spooks, detective firms, surveillance agencies and trained sleuths in the five cities, Mr D.S. Rawat, Secretary-General, Assocham, said in a statement here. (more)