Wednesday, March 27, 2013

Press Release: Workshop on Preventing Industrial Espionage in Singapore

CW Fong & Associates is pleased to announce the first public run of our Preventing Industrial Espionage Workshop.

Research involving 850 IT and security professionals in North America, Europe, Australia, New Zealand has shown that in the past 2 years, 48% of large companies have been targets of industrial espionage. These companies have lost on average USD100,000 per attack through business disruption, lost productivity, lost revenue, forensic analysis and remedial action.

As proprietary information increasingly becomes an organization’s strategic edge, competitors will inevitably rely on social engineering to collect proprietary recipes and formulas, operational data, customer database, research and development reports, pricing and marketing strategies and prospective bids. The ability to protect proprietary information will thus become an integral component of an organization’s continued success and viability. As the human in the loop is the weakest link in any security system, approximately 70% of all successful industrial espionage attacks are gained through social engineering.

This workshop will teach employees entrusted with proprietary information about the impact of industrial espionage on the company, how social engineering is used in an industrial espionage attack and how to protect themselves from being a victim.

The Workshop will be held on 26 April 2013 at the Holiday Inn Atrium Singapore. For more information, contact us at

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