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Economic Espionage

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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 was
approaching its fiscal year end. staff eventually found that most of the recent
database backup tape was missing. A Quebec based company with the laser-based
system for inspecting materials used in, among other things, the stealth
aircraft, had three computers stolen. On their harddrives were confidential
codes for specialized software used by the Canadian Armed forces. The above are
all true examples of the modern threat facing international business today
known as industrial or economic espionage. 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...

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Submitted by: 123student
Date Submitted: 02-17-2002
Category: Politics
Words: 4149
Pages: 16.6