Economic espionage is the theft of trade secrets,the formulas,patterns,devices,processes,or compilations of information that give companies an advantage over their competitors.

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Economic espionage is defined as the theft of trade secrets, which are the confidential and proprietary information that gives a company a competitive advantage over its rivals. This information may include formulas, patterns, blueprints, processes, designs, software codes, customer lists, marketing strategies, pricing models, research data, and so on. Economic espionage can be carried out by a variety of actors, such as foreign governments, competitors, hackers, insiders, and rogue employees, and can have serious economic, legal, and national security implications.

Economic Espionage Is the Theft of Trade Secrets,the Formulas,patterns,devices,processes,or Compilations