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Economic Espionage: Damages for 880 Million Euro in Austria

Published: November 18, 2010; 23:07 · (Vindobona)

Every year, Austrian companies lose 880 million euro to economic and industrial espionage.

Economic Espionage: Damages for 880 Million Euro in Austria / Picture: © Vindobona.org

This is the sobering conclusion arrived at by Vienna University. Despite the high volume of losses, the subject is however mostly being concealed, because due to image protection these situations are rarely denounced or proceedings filed. Most companies fear that public awareness of espionage cases will damage their public image.

Peter Gridling, director of the Bundesamt für…

This article includes a total of 231 words.

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