![]() It was alleged that the MD’s Secretary had shared the agendas of the Company’s board meetings with its competitor. This corporate espionage hypothesis is best illustrated by the case of espionage against Tata-owned VSNL by its employee.Nuclear Power Corporation of India Limited, a government-owned company that operates commercial nuclear reactors, verified that a cyber-attack was initiated on its system.However, the lack of clear policy comes to center stage with alarming instances of espionage that have stunned the corporate sector and government alike. ![]() The very rise in such espionage can be associated with lack of any specific legislation by the government.Ĭourts in India have relied on principles of equity and the law of contracts to provide relief. The espionage case, which involved multiple conspiracies, centred around seven people, were accused of leaking out vital defense secrets. 80% of frauds are committed by the enemy within, acting in collusion with a third party.ĭid you watch the movie “Rocketry – The Nambi Effect” which was based on the true story of Dr. KPMG reveals that the “corporate spying” in the ‘consumer products’ segment made the companies suffer huge losses. It has, in short, become a general business risk. Such Corporate Espionage is no longer centred on a few “sensitive” industries, It is now a go-to move to target smaller companies in surprising sectors, including education and agriculture. It is important to be cognizant of the fact that where Competitive Intelligence ends, Corporate Espionage begins. Both are divided by a thin line consisting of legality and ethics. It involves due diligence of the market and external factors affecting companies. However, Competitive Intelligence is legal and so is an ethical means for information gathering. The Idea of getting a competitive-edge is appreciated across fields, but as a serial media-entrepreneur says, “there’s two ways to build the tallest building, either demolish the buildings taller than you or build the tallest building.” The idea is very well conveyed about those business tactics that fall on the negative side of the coin.Ī similar method used for gathering information is called “Competitive Intelligence”. Hence, we can say this is just another form of spying or a corporate spying. This is similar to kings sending their personnel to other regions/territories to spy on and get to know confidential information that can benefit the king ultimately. Healthy competition is always encouraged, but when the means to achieve profit is unethical and illegal, the same can distort the spirit of others in the field. The term ‘Industrial Espionage’ or ‘Corporate Espionage’ refers to “the illegal and unethical theft of business trade secrets for use by a competitor to achieve a competitive advantage.” (Definition : Investopedia) But, this has prevailed since the corporate setup gained momentum. Have you ever heard of this term ‘Corporate Espionage’ before? Probably not.
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