Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

industrial espionage

Industrial espionage is the process of illegally and unethically obtaining confidential information from other companies – formulas, strategic plans, pricing policies, experience – with an end to using said information to be able to gain a competitive edge.

There has been a rise in industrial espionage due to a more competitive environment. There is now increased pressure to gain such information, driven by advances in information technology which have facilitated the development of new...