Economic espionage refers to the theft of trade secrets or other proprietary information for the purpose of providing economic benefit to a rival company or nation. This can involve a variety of activities, including hacking, corporate spying, or other forms of covert information gathering.
Here are some examples of economic espionage:
A company hacks into the computer systems of a rival company in order to steal sensitive business information, such as financial records or trade secrets.
A corporate insider provides proprietary information to a rival company in exchange for financial compensation.
A foreign government engages in cyber espionage to gather information about the economic plans and strategies of a rival nation.
A company hires a private investigator to covertly gather information about a rival company's business practices.
Overall, economic espionage can have significant negative impacts on the victim company, including financial loss, damage to reputation, and loss of competitive advantage. It is often considered a form of industrial espionage, and can be prosecuted as a crime in many countries
