Thursday, September 10, 2009

Security Police Chief Warns of Corporate Spies

The Finnish Security Police Chief Illka Salmi says Finnish high-tech companies should carefully shield their intellectual assets in the face of growing industrial espionage.

“Undercover information collection and industrial espionage are on the rise,” says Salmi in Prima, the stakeholder magazine of the Confederation of Finnish Industries.

While few corporate espionage cases make it to the courts in Finland, Salmi says illegal espionage attacks are increasingly coming to light.

Salmi says companies in the bioscience, medical, pharmacology and telecoms fields are particularly targets for espionage. Spies also home in on companies that develop nanotechnology and novel materials.

The police chief adds that espionage risks grow as Finnish companies internationalize and establish offices abroad.

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