Corporate espionage masquerading as business intelligence in local banks: A descriptive cross-sectional research

Abstract

Information can make the difference between success and failure or profit and loss in the business world. If a trade secret is stolen, then the competitive playing field is leveled or worse, tipped in favor of the competitor. To complicate the problem even more, trade secrets are not only being sought after by a company’s competitors, but from foreign nations as well. They are hoping to use stolen corporate information to increase that nation’s competitive edge in the global marketplace. This article looked at corporate espionage, how it’s done, how it masquerades as business intelligence. Some solutions to reduce the risk of espionage were given. The methodology used was a descriptive cross-sectional research approach. The results found were that many banks and companies disguise corporate espionage as business intelligence and hack or steal other companies’ information.