Question

In: Accounting

Corporate Espionage; A common fraud against corporations that is perpetrated by their peers (with or without...

Corporate Espionage;

A common fraud against corporations that is perpetrated by their peers (with or without collusion with the victim organizations’ employees), is corporate or industrial espionage. Write an essay on Corporate Espionage: A Discussion. In you essay, discuss corporate espionage and suggest some countermeasures that a corporation can implement to protect its premises and assets from espionage

Solutions

Expert Solution

corporate espionage :- corporate espionage is the practice of stealing and unauthorized revealing of corporate data to other companies, government and individuals.competitors companies, individuals tracing information for their own financial profit are mainly involved in corporate espionage.

Countermeasures :-

1.know the risks :- first, establish what your trade secrets are. What information and knowledge does your company possesses that competitors don't? Identifying valuable resources may involve looking outward,to rival's operations,as well as inward to your own resources. Bear in mind that physical artifacts can contain important information too.

2.secure your data :- digital information security has several aspects .First foremost, the systems and data you use need to be secure in themselves,as do the servers on which they are kept.special care is needed if people are able to take equipment off-site (such as laptops), or bring their own devices to work.

3.people and training :- once you established security procedures, it's important that people are trained to put them into practice.its no use having a waterlight security policy if people don't know what they have to do to enforce it.staff might need regular refresher sessions,plus it's worth consulting them on security flaws they may have spotted in their day to day work.

4.secure your site :- many of the techniques that protect you against burglars and vandals are also effective against industrial spies.your office, manufacturing plants, equipment, infrastructure should all be kept physically secure against intruders.entry points need to be secured.


Related Solutions

35. Discuss "Corporate Intelligence" and "Corporate Espionage".
35. Discuss "Corporate Intelligence" and "Corporate Espionage".
Fraud perpetrated by an outside source is more common than the mainstream news reports because companies...
Fraud perpetrated by an outside source is more common than the mainstream news reports because companies do not report and prosecute. Why do you suppose a company would choose to sweep it under the rug?
Sam’s Electronics Universe has discovered and investigated a kickback fraud perpetrated by its purchasing agent. The...
Sam’s Electronics Universe has discovered and investigated a kickback fraud perpetrated by its purchasing agent. The fraud lasted eight months and cost the company $2 million in excess inventory purchases. The perpetrator personally benefited by receiving kickbacks of $780,000. Your boss wants to seek restitution of what the company has lost, but is worried about the ramifications of a trial and its effect on your company’s image in the market. She is trying to decide if she should pursue remedies...
In what five ways can people of African descent end racial discrimination that is perpetrated against...
In what five ways can people of African descent end racial discrimination that is perpetrated against them?
1) Do you think Bernie Ebbers knew about the fraud being perpetrated at WorldCom?   2) Why...
1) Do you think Bernie Ebbers knew about the fraud being perpetrated at WorldCom?   2) Why or why not?   3) Assume Bernie did know.  Do you think his punishment/sentence is fair?
What are some governance problems corporations are facing today? Please list at least 10 common corporate...
What are some governance problems corporations are facing today? Please list at least 10 common corporate governance problems, besides the example below. •Example: Lack of board independence. Possible research resources: •TheIIA.org •The National Association of Corporate Directors (NACD)
Identify an organization that was involved in corporate fraud. Explain how fraud can be detected and...
Identify an organization that was involved in corporate fraud. Explain how fraud can be detected and evaluate the importance of teamwork and leadership in a fraud investigation. For this assignment, research the Internet or Strayer databases and identify an organization that was involved in corporate fraud. Help with a paper in which you: Based on your research, identify and assess the fraud that occurred in the organization and the impact it has had on the corporation’s investors and creditors. Provide...
List and describe common forms of fraud and abuse.
List and describe common forms of fraud and abuse.
One standard that corporations use to evaluate their performance against their competitors is the set of...
One standard that corporations use to evaluate their performance against their competitors is the set of rankings developed by Fortune magazine. These include the Fortune 500, the 100 Best Companies to Work For, and other lists. The public also uses these rankings to decide to what companies they should give their business. Respond to the following in a minimum of 175 words: Discuss who gains and who loses when an economy opens for trade. Explain what determines exchange rates in...
Discuss factors that might drive an individual to commit fraud against their organization.
Discuss factors that might drive an individual to commit fraud against their organization.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT