Answer:
Dealing with an ominous threat like corporate espionage requires an honest acknowledgement of the problem to start with. A 2006 estimate from security experts points out that businesses around the world spend over $200 billion a year on corporate espionage. The threat is very real and fighting it requires you to go back to the drawing board. Information security is the basic building block of protecting an organization's information assets and so implementing it in the correct way is vital. Ensure that you employ the following measures:
- A responsible attitude towards information security with full management
- support.
- A comprehensive information security policy that is all-encompassing.
- Ethical hacking engagements at a network, application and wireless levels that expose vulnerabilities in technical infrastructures bolstered by Social Engineering engagements that help determine the security awareness level in employees.
- Technical audits and physical security audits on a periodic basis.
- Appropriate background, credit and reference checks on a periodic basis for all employees.
First published on BankersOnline.com 3/09/09
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