Corporate Espionage in United States

Corporate Espionage

Overview of Corporate Espionage in relation to cyber crime: [1] For all these reasons corporate espionage frequently involves theft of intellectual property, especially trade secrets related to chemical formulas, agricultural innovations, manufacturing processes, details of a new product being planned, its intended release date and marketing plan, client data, or other information affecting a company’s stock market value. Any unauthorized access to or release of such information can give a competing firm a significant economic advantage. When it comes to cybercrime, corporate espionage may also involve manipulation or sabotage of hardware, software, and information saved in either digital or hard copy forms. Corporate spies increasingly use these tactics along with the stealing of trade secrets in today’s extremely competitive and computerized global economy.

Resources

Notes and References

1. By Joseph F. Hennekey

See Also

• Types of Cybercrime
• Cybercriminal

Further Reading

Halligan, R.M., Esq. (2007). Reported criminal arrests and convictions under the Economic Espionage Act of 1996. Available at http://my.execpc.com/ ~mhallign/indict.html#_Toc9924969; United States v. David T. Krumrei. (2001, July 26). 258 F.3d 535; U.S. Department of Justice Web page: http://www.usdoj.gov/ criminal/cybercrime/usamay2001_6.htm; Freeh, L.J. (1998). Statement of FBI Director Louis Freeh before the Senate Select Committee on Intelligence, January 28. Available at http://www.yale.edu/lawweb/avalon/terrorism/t_0011.htm