What Type of Information Does Corporate Espionage Target?
Corporate espionage is designed to gain access to privileged information. This type of espionage can take many forms, and targets important company secrets like:
- Your Client Information. Your rivals can find many uses for your company’s client details, and especially customer financial data.
- Your Company’s Financial Data. Competitors who gain access to your company’s sensitive financial information can use it to gain an advantage in pricing, contract bidding, or employee acquisition.
- Your Trade Secrets. Every company has its own “secret sauce” – intellectual property that makes it stand out from the crowd. Customers who gain access to your confidential trade secrets can use it to directly compete with you for market share. They can even use stolen product information to develop rival products.
- Your Marketing Strategy. Any competitor with advance knowledge of your marketing strategy can develop an effective response to counter it, which may seriously harm new product rollouts or other campaigns.
Who Threatens Your Secrets?
Your company’s secrets face many threats. Unscrupulous competitors may pose the greatest risk to your company’s confidential information, but disgruntled employees can also present a danger to those secrets. In addition, domestic and international criminals have become more sophisticated in their ability to steal valuable corporate secrets. Ominously, some foreign governments engage in this behavior as well, including some that rely on stolen intellectual property to benefit their own industries.
How Can Private Security Protect Your Valuable Information?
The sad fact is that most companies will struggle to handle these concerns on their own. Effective protection for your trade secrets can only be achieved with a strategic approach that covers every main avenue for espionage. That’s why competent security experts can be vital partners in the battle to safeguard your intellectual property and other invaluable secrets.
Competent private security experts can help you conduct a thorough risk assessment, and work with you to develop an effective policy strategy. That strategy will include policies to control access to data and infrastructure, and effective monitoring of key data entry points. It could also include better background checks, employee education, and technological security to prevent data incursions. Your private security partner can even help investigate data breaches and other exposures, so that you can hold would-be thieves accountable.
If your company has been victimized by corporate espionage or you’re concerned that your trade secrets may not be as secure as they should be, call International Security Services today and discover how New York City’s dedicated security experts can help.