Sunday, December 6, 2020

Oil & Gas Industry Corporate Espionage, or Those Fracking Spies

According to the FBI, corporate espionage in the global oil and gas industry mostly involves stealing intellectual property, including a company's trade secrets, research, and proprietary information...

The main culprits are domestic and/or foreign commercial rivals, start-up companies, foreign Intelligence officers (spies), disgruntled employees (insider threat), or organized criminals.

In the case of Texas fracking companies, employees of drilling firms were targeted when they traveled outside the United States with the contents of their company laptops stolen.

Alternatively, individuals were actively placed inside target companies, or disgruntled employees would simply go rogue and begin collecting and selling trade secrets, mainly as an act of defiance to strike back at their employers. more