Economic espionage is a serious threat to U.S. companies that rely on innovation

Question

Economic espionage is a serious threat to U.S. companies that rely on innovation. This assignment will be based on a true event. Before starting this assignment, review the following video transcript. It is from a CBS’s 60 Minutes, broadcast in January 2016. http://www.cbsnews.com/news/60-minutes-great-brain-robbery-china-cyber-espionage/ The company featured on this video is victim of economic espionage. The CEO hired two specialists to help with the issue and prepare the response. Based on information from the video (feel free to research additional sources, including company’s website because this story has been all over the news), assume that you are one of the experts hired. Prepare the assessment report that company’s management will use to make their legal case and revise policies to protect their intellectual property from future intrusions.

Explanation / Answer

Economic Espionage is basically a theft of Economic intellectual property or economic intelligence. It is a kind of unlawful drainage of Economic intelligence of a country.

Economic Espionage is posing as a serious threat to the leading economies of the world and is being considered as a major cause behind the losses of many private businesses and loss of jobs on a large scale.

Investigation Plan:

The Economic intelligence is one of the most important assets of a nation. The valuable ideas and innovations are the ones which generates huge profit and distinct products and services. Thus proper investigation for economic espionage is essential for avoiding such kind of unlawful drainage of economic intelligence.

The government must be highly observant regarding any kind of theft of data. Any minor leakage of data may lead to an massive economic espionage. Thus it becomes very important to keep a sharp eye on any such leakages. For ensuring this, the government must set up a special intelligence department for keeping a close eye on any kind of unethical loss of data from the home country to abroad. The government, the private sector and the foreignsic department must have proper coordination between them for avoiding economic espionage.   

The cyber security cell of the government has to be highly alert ragrding such kinds of threats related to data theft.

Potential Threats:

Vulnerabilities:

The most Vulnearble industries are as follows:

Risks:

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.