RISK MANAGEMENT:
Competitor Espionage
RISK MANAGEMENT: COMPETITOR ESPIONAGE
BACKGROUND
A manufacturer of automotive components who had a dominate position in the market was concerned about loss of corporate assets to local competitors. The task was to review and assess company internal prevention processes & procedures, identify areas of weakness and to develop improvements to company security and asset protection programs.
RISK MANAGEMENT: COMPETITOR ESPIONAGE
APPROACH
DEFINATION OF 4 CORE AREAS OF INVESTIGATION
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- Physical Security – offices, factories, physical access control, guard force effectiveness, etc.
- HR Issues – clear expectations, recruiting due diligence, proper access control, leadership/”tone at the top”
- IT Systems, laptops, and mobile devices
- Security policies and procedures, control & monitoring
AUDIT OF INTERNAL PROCESSES & PROCEDURES
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- Conducted a 2-month audit of their internal processes and procedures
Recommendations
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- Recommended corrective action focusing on Physical Security and Control & Monitoring
Implementation
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- Implemented numerous corrective programs, including:
- CCTV, IT server access control, intrusion detection, firewall and anti-spyware, vetting of vendors, visitor security, access control, data storage & disposal procedures
- Implemented numerous corrective programs, including:
RISK MANAGEMENT: COMPETITOR ESPIONAGE
RESULTS
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- No new acts of corporate espionage or theft
Timely Topics To Drive Growth.
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