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Every year, 25 to 100 billion dollars are lost to corporate espionage. This is quite a large sum of money. Some of the losses occur from foreign companies and governments stealing secrets from American companies, some of the losses occur from American companies stealing from their competition. Corporate spying can be done through “moles,” or employees who work for a competitor who gain employment at the company being stolen from. Corporate spying can also be done through electronic eavesdropping, where an agent of one company plants a listening device in an office or conference room, taps a phone line, or intercepts other forms of communication. As technology increases, corporate spying is increasingly occurring through computer networks. Companies sometimes hire computer hackers to break into a competitor’s network to steal as much documentation as possible. This can lay a company bare to a sneaky competitor making it completely vulnerable.

Because of the possibility of corporate spying, business leaders must remain on their toes. Information technology departments must do everything possible to secure computer networks to prevent unauthorized access from unscrupulous hackers. Office managers must maintain a high level security to ensure that unauthorized personnel cannot access company property to physically steal equipment or documents or plant video or listening devices to capture information during conversations. Hiring managers must investigate the backgrounds of all new hires that will have access to sensitive information to be sure that the potential employee is not a mole working for a competitor. Legal departments must ensure that every employee signs non-disclosure and non-compete agreements to ensure absolutely that all company proprietary information is kept in house on pain of civil or criminal punishment.

When an executive suspects that his company is being victimized or has been the victim of corporate spying, a private investigator can be hired to find out what has happened. Private investigators can perform forensic analysis on the computer network to determine if any unauthorized access has occurred. A private investigator can use counter-spying tools to sweep offices, conference rooms, and other areas of an office building for listening or video recording devices. A private investigator can even perform the service of acting like a corporate spy to probe the weaknesses of the company so that the holes can be plugged before an actual spy tries to gain unauthorized access.

With the very real threat of corporate spying, business leaders must be prepared to protect their sensitive data.