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

- 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

- Conducted a 2-month audit of their internal processes and procedures

Recommendations

- Recommended corrective action focusing on Physical Security and Control & Monitoring

Implementation

- 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