Economic Espionage

Economic espionage refers to the theft of confidential business information, trade secrets, or proprietary data for commercial advantage. This crime often involves individuals or companies using deceptive practices to acquire sensitive information, such as strategies, technologies, or manufacturing processes, from competitors. It undermines fair competition and can result in significant financial losses for the affected businesses. In many jurisdictions, economic espionage is considered a serious offense under white-collar crime laws, carrying severe penalties to deter such unethical practices and protect intellectual property rights.