Do we need criminal laws on corporate espionage in Singapore?
Where an employee steals confidential computer data from his employer, the Computer Misuse Act may well be the appropriate statute to punish the wrongdoer. See for example, the recent Citibank cases where its ex-employees were heavily fined for stealing client data.
Is it possible that in some situations, the employee may steal valuable data without the use of computers or the like, cause massive damage to his employer, and yet not be liable under current criminal laws? I think that you could in some situations use the Penal Code or other statutes against such an employee but their applicability is by no means clear.
If anyone has come across a situation where there is a big loophole in this area, I welcome your contribution.
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