Economic Espionage Act of 1996
Analyze the Economic Espionage Act of 1996 and explain in detail how you would go about improving the legislation.
Identify five types of business information that are potential targets of economic or industrial espionage and explain why they are valuable to an adversary.
In the context of espionage, what are the key differences between the following terms: (1) Threats (2) Vulnerabilities (3) Risks. +300 words
Five types of business information which are potential targets of economic or industrial espionage include customer data lists (which provide valuable insight into consumer trends), technology blueprints (containing specifications which allow adversaries access into proprietary technical processes), financial records (allowing outsiders access into company finances), unique formulas or recipes (which competitors can replicate in order gain competitive edge) and confidential marketing plans (providing details regarding upcoming product launches). All these types of information are valuable because they give adversaries an inside look into companies' operations without having to spend time researching on their own –thus giving them an advantage over competing businesses.
In terms of threats versus vulnerabilities versus risks—threats refer to actions taken by malicious actors attempting gain access illegally into organizations with malicious intent while vulnerabilities refer specific weaknesses within systems or networks making them susceptible attack from outside sources; Risks on other hand represent potential damage incurred due loss of information resulting from threats exploiting vulnerable systems/networks thus enabling financial losses reputation damage etc.. It is important note here that all three concepts must present together before risk arises i:e: only presence threats exploiting actual vulnerabilities will lead risk-related consequences