How do competitors gain business advantage through industrial spying?

How do competitors gain business advantage through industrial spying?

Industrial espionage is the covert, and sometimes illegal, practice of investigating competitors to gain a business advantage. Spies sometimes physically breach the target organization and investigate the premises. In that case, they might search wastebaskets or copy files or hard drives of unattended computers.

Is industrial espionage a crime in South Africa?

In South Africa there is no law prohibiting industrial espionage per se. However acts of espionage could be accommodated under theft, trespassing, etc.

What effect does espionage have?

The impact of economic espionage and illegal exports does not end with an annual loss statement. Economic losses have cascading impacts that include loss of industries, loss of domestic production capabilities, loss of jobs, reliance on others, and, of course, a trade imbalance.

What is an example of cyber espionage?

Examples of cyber espionage attacks A backdoor was discovered in a widely used IT management product from SolarWinds. FireEye, one of SolarWinds’ 300,000 customers, disclosed that the nation-state attack it suffered was the result of a massive supply chain attack on SolarWinds.

Is cyber espionage legal?

Cyberspace gives rise to risks as well as opportunities, and a prominent threat emerging from this domain is cyber espionage. Because no internationally and legally recognized definition of cyber espionage exists, the following definitions of espionage will be used only to frame the subject under examination.

What is a cyber espionage attack?

Cyber espionage, or cyber spying, is a type of cyberattack in which an unauthorized user attempts to access sensitive or classified data or intellectual property (IP) for economic gain, competitive advantage or political reasons.

What is cyber espionage agents main motivation?

The primary intent of cyber espionage is to steal classified information from government agencies or trade secrets from corporations. These states engage in deliberate efforts to obtain sensitive business and technology information.

What is cyber conflict?

Cyber conflict is a new and continually developing threat, which can include foreign interference in elections, industrial sabotage and attacks on infrastructure. Dealing with cyber conflict will require new ways of looking at 21st century warfare.

What can cyber weapons do?

Cyber weapons are stealth ordnance, written in zeros and ones, like all computer code. They have the capacity to confuse enemy signals, shut down military attacks before they occur, and stymie communication systems, all without the flash and bang of the typical weapons of war.

What is the future of cyber warfare?

AI systems will be able to analyse and break into secure systems faster than any human, and could cause disruption on a significantly wider scale than previously possible. Blockchain is going to be one of the best ways to defend against cyber-attacks. It can protect data from intruders, and keep systems secure.

Which countries pose the greatest cyber threat?

China, Russia Viewed As Biggest Threats By U.S. Intelligence Chiefs The top U.S. intelligence officials detailed concerns to the Senate Intelligence Committee on Wednesday, with many questions raised about cyberthreats and espionage targeting U.S. technology.

Which country has the best hacker?

According to available reports and statistics, up to 41% of cyber and malware attacks in the world have been carried out by Chinese hackers, and the best hackers in the world are existed in China, and from that geographical point of view, they have control over the world of hacking , after China, the following …

What are the biggest cybersecurity threats right now?

1) Social Hacking Financial pretexting and phishing represent 98 percent of social incidents and 93 percent of all breaches investigated,” says Securitymagazine.com. were traced back to a carelessly-opened email, malicious link, or other employee mishap.