Industrial Espionage Summary

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Jessica Chou devised a plan to try to obtain the Taxol formulas, she obtained a technological information broker and stated Yuen Foong Paper Manufacturing Company wanted to grow their business. She stated the company wanted to get into biotechnology and to obtain new technology from more technological advanced companies into the Taiwan marker. Hsu and Jessica Chou, met with John Hartmann in Los Angeles, where Hsu asked him to help bribe Bristol-Meyer employees for information on Taxol. Hsu sent Hartmann an e-mail offering $ 400,000 in cash, stock, and royalties in exchange for listed information about "core technology" relating to Taxol, including detailed information on the drug's commercial production processes. (Dratler Jr.2006). They met …show more content…

based companies, organizations and the government. An organization’s trade secrets and sensitive information are vulnerable and is what competitors want to exploit, as they will want to this for their own personal gain. Competitors will continue to capitalize on the lack of counter espionage measures in place to prevent industrial espionage. There are simple, inexpensive yet effective measures organizations can integrate to counter industrial from occurring. Organizations need to continue to discourage their competitors from attempting to steal their trade secrets. This paper studied previous industrial espionage cases and the counter measures taken to prevent them from occurring. The majority of published articles depicting the details of industrial espionage cases are from 10-20 years ago. This is largely due to not being able to release sensitive information or the trade secrets of the cases. It is difficult to analyze recent industrial espionage cases due to the sensitivity of the cases and the lack of information released. Which in turns makes it problematic to establish new counter espionage measures without the details of the cases. Organizations need to incorporate good counter espionage programs that need to remain flexible and on the defensive as industrial espionage seem to be getting more sophisticated and advanced as the years

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