Science & Tech · Cybersecurity · 4 hrs ago

Swiss firms face growing risk of industrial espionage

Swiss firms face growing risk of industrial espionage

Switzerland’s federal intelligence service says the threat of foreign espionage is very high, with China particularly interested in Swiss industry and research.

Many Swiss firms may not recognize the risk, and smaller businesses often lack both awareness and safeguards for sensitive data.

The targets include precision engineering, not just obvious sectors such as arms and chipmaking.

Digital attacks are becoming harder to track, and companies face new risks as technology and artificial intelligence develop quickly.

Foreign intelligence services are increasingly involved in industrial espionage, sometimes alongside criminal groups.

In Germany, two-thirds of surveyed companies said they had faced at least an attempted act of industrial espionage, data theft or sabotage in the previous 12 months.

Such attacks can cause lost sales, production stoppages and investigation costs, but no specific next steps are given.

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What people are saying

Esther OmlinSecurity and business law expert at the Eastern Switzerland University of Applied Sciences
Doch die Bedrohung wächst, und vielen Firmen ist nicht bewusst, wie wertvoll ihre Geheimnisse sind.
via NZZ
Stefan BrupbacherDirector of Swissmem
Wir müssen davon ausgehen, dass die Fälle zunehmen.
via NZZ
Ralf WintergerstPresident of Bitkom
Die Grenzen zwischen organisierter Kriminalität und den Geheimdiensten sind in vielen Ländern fliessend.
via NZZ