Economic Espionage


A small Mississauga electronics safety equipment company is broken into.
Although filing cabinets and desks were rummaged through, nothing was seemingly
taken. An officer discovered the company had drawn up a bid for $7 million
dollar contract a day or so before the break-in. The contract in question was
for a foreign country. It was later discovered that the company in question was
known for its aggressive economic espionage. An iron ore shipping company was
also broken into. At first it was thought that the target had been the firms
computers. But, nothing was taken, it was assumed that the burglars had been
scared off. Within thirty minutes it was discovered that the company ...

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The end of the cold and economic
pressures have increased the risk of economic espionage. The collapse of the
Soviet Union has left unemployed KGB and other former communist bloc
intelligence agents selling everything from Russian night vision devices to
completely assembled and functional bugging devices. Even friendly western
European governments have been caught spying on private corporations based in
the U.S. and other countries, while industrial competitors sometimes hire
private companies to collect competitive intelligence from their corporate
rivals( Lester:96). What exactly is economic espionage? how prevalent is it?
Who does it? How do they do it? and what can we do to stop it. These are the
questions that will be looked at in the following pages.
First lets look at, what exactly is economic espionage. Espionage and
intelligence is no longer the exclusive domain of monarchs and governments, it
has become a must for modern international business. Large corporations ...

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Larry Wu-Tai Chin and analyst of the CIA, passed secrets to China
and was paid $180,000 over a three year period. Richard Miller worked for the
FBI and was to be paid 2 million dollars to pass counter-intelligence secrets to
the Soviets, but he was caught and was only paid one quarter of this amount. It
is easy to see that spying for friendly countries is a profitable business.
Is economic espionage really as bad as it is made out to be? Since 1985
economic espionage directed at American companies has increases 260 percent and
the FBI's industrial espionage caseload has jumped to well over five hundred
investigations. Espionage is costing American companies well over a 100 ...

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PAPER DETAILS
Added: 6/20/2007 01:00:48 AM
Category: Economics
Type: Premium Paper
Words: 4315
Pages: 16

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