Corporate espionage

What is corporate espionage?

Corporate espionage is the spy-like appropriation of confidential information about a company's activities, with the goal of benefiting another company or organization. This may involve listening devices and hidden cameras, among other techniques.

Brussels as a hotspot

Belgium: a magnet for espionage

Brussels hosts NATO, numerous EU institutions, the International Trade Union Confederation, the World Customs Organization, Eurocontrol, SWIFT, the European Aviation Safety Agency, the Western European Union and countless multinationals.

Radical networks, separatist movements and migrant communities have likewise extended their reach here.

Add a high concentration of journalists, lobbyists and diplomats, and it is no surprise that Brussels — alongside Geneva and New York — is a hotbed for foreign spies, given the sheer volume of information available.

An economic death blow.

Corporate espionage can have far-reaching financial consequences, and the reputational damage is often irreparable. Consider the economic impact if your products or production processes are imitated, or if your new ideas and formulas are brought to market and patented by competitors first. During major acquisitions, hostile takeovers or ongoing litigation, you are equally a coveted target.

Sensitive sectors

Who is most at risk?

Pharmaceutical industry

Labs and research centers hold a wealth of information from years of research, the formulas discovered there and the products developed and patented.

Financial sector

Banks, insurers, asset managers, brokers, accountancy firms and auditors hold critical confidential information from numerous companies.

Consultancy

Major international management consulting firms are the right hand of top companies, governments and non-profits worldwide.

Take action

Five principles when espionage is suspected.

  • 01

    Keep it quiet

    If you suspect espionage inside your company, do not discuss it with others. Even the friendly intern may have planted a transmitter.

  • 02

    Avoid suspicious locations

    Don't share your suspicions in suspect rooms — meeting rooms, offices, or public areas such as restrooms or elevators.

  • 03

    You are not James Bond

    Do not investigate on your own or act alone. Espionage is a fraudulent and corrupt practice and is punishable by law.

  • 04

    No toys for boys

    Don't waste money on cheap spy toys and gadgets sold through spy shops or web shops.

  • 05

    Prevention is better than cure

    Make a periodic TSCM sweep a standard part of your company's security policy.