But the leaks about the NSA’s collection of economic information and the difficulty in explaining the differences in how it’s used on opposite sides of the Atlantic spell trouble for American cyberdiplomacy around the world. It’s thus tempting to toss aside France’s protests as rank and witting hypocrisy over economic espionage, which of course they are. So naturally your country will receive the most attention from the intelligence services." "America has the most technical information of relevance. "In economics, we are competitors, not allies," Pierre Marion, the former director of France’s equivalent of the CIA, once said. If you’ve been paying attention, you know that France is a proficient, notorious and unrepentant economic spy. But the leaks about the NSA's collection of economic information and the difficulty in explaining the differences in how it's used on opposite sides of the Atlantic spell trouble for American cyberdiplomacy around the world.Īll of which is pretty hilarious, given France’s penchant for stealing American defense technology, bugging American business executives and generally annoying U.S. It's thus tempting to toss aside France's protests as rank and witting hypocrisy over economic espionage, which of course they are. "In economics, we are competitors, not allies," Pierre Marion, the former director of France's equivalent of the CIA, once said. If you've been paying attention, you know that France is a proficient, notorious and unrepentant economic spy. Monsieur Le Président himself, François Hollande, is calling for an end to the spying.Īll of which is pretty hilarious, given France's penchant for stealing American defense technology, bugging American business executives and generally annoying U.S. The French government is demanding answers from the United States about its snooping. French political parties are now rumbling about offering asylum to Edward Snowden, the former NSA contractor at the center of the leaks. Also because clients, regulatory authorities and other stakeholders probably expect nothing less.If you buy the latest reporting out of Europe, France is outraged, simply outraged, at news that the National Security Agency has been eavesdropping on the European Union through its mission in New York and embassy in Washington. And for that reason these sectors should consider – for instance – appropriate cyber security to mitigate these risks and protect the reputation of your business. In order to ensure business continuity targets of financial economic espionage must do a vulnerability assessment.įor example some sectors are less likely to get hit by a ransomware attack but are more likely to be targeted for industrial espionage by digital tools. Mergers & Acquisitions (trough foreign investments and takeovers)įor that reason the AIVD advises to do a corporate vulnerability assessment.Intellectual property (industrial secrets like formulas and patented manufacturing techniques).Trade secrets (trading prices ongoing projects and investments).And digital and physical espionage is a tool to get information that stately actors can (ab)use for their financial and economic purposes. With regard to financial and economic motives, stately actors focus spying activities on corporate business, industries and especially the top sectors, science(tists) and universities and international organizations like the EU and NATO. And with respect to this matter they notice that financial and economic motives to spy are growing rapidly. In this report the intelligence and security services are raising awareness on the motives of states to spy. In December 2021 Volvo cars published a statement that the company was victim of such a corporate espionage attack because R&D property of the company was stolen, showing that this is a real problem nowadays.Īnd for that reason the AIVD, together with the Dutch Military Intelligence and Security Service (MIVD) and the National Counterterrorism and Security Service (NCTV) filed a r eport on this topic. The Dutch General Intelligence and Security Service (AIVD) warns every year for corporate espionage. Intelligence and security services report No surprise that cyberattacks don’t focus solely on ransomware but also on just plain stealing of information. In 2021 the estimate of the total global spending on Research and Development (R&D) was 2.23 trillion US Dollar.
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