Thursday, November 7, 2013

More Kinds of Corporate Spies Target More Kinds of Trade Secrets

Efforts to steal trade secrets from U.S. companies continue at a high level and are hitting new targets, in spite of major efforts to stop such industrial espionage. Losing trade secrets hurts the economy by discouraging investments in the research critical to growth. Some new players are getting into the fray, and the attacks hit a huge variety of businesses from high tech to high fashion.

Plans for a fighter jet are an obvious target for corporate and other kinds of spies, but experts say industrial espionage also has been aimed at high fashion designers and toymakers, innovative steel makers, food and beverage companies, clean energy research and wind turbine makers. Corporate spies also are seeking information about the management practices that guide successful businesses. (think boardroom bugging) (more)