Electronic hacking and illegal trespassing for the purposes of acquiring a competitor’s proprietary information are considered economic espionage.
<h3>What is economic espionage?</h3>
Economic espionage includes electronic hacking and illegal trespassing to obtain a competitor's proprietary information.
Economic espionage is defined as the illegal or covert targeting or acquisition of sensitive financial, trade, or economic policy information; proprietary economic information; or technological information.
Using bribery, cyber-attacks, "dumpster diving," and wiretapping.
Creating seemingly innocent relationships with US companies in order to gather economic intelligence, including trade secrets.
President Clinton signed the Economic Espionage Act of 1996 into law.
It criminalizes the theft or misappropriation of trade secrets.
It is notable for being the first federal statute to broadly define and severely punish such misappropriation and theft.
Therefore, electronic hacking and illegal trespassing for the purposes of acquiring a competitor’s proprietary information are considered economic espionage.
Privacy Act of 1974, Alcohol- and Drug-Abuse Patient Confidentiality, Conditions for Coverage of Specialized Services by Suppliers, Institutional Review Boards
