The findings of the 1992 Proprietary and Technology Theft Survey sponsored by the American Society for Industrial Security revealed that 32 companies reported dollar losses of $1.82 billion. The respondents also reported annual average expenditures of approximately $15,000 for formal safeguarding of proprietary information programs. Alvin Toffler has argued that information is now more important to the success of a business than is access to capital. However, businesses should no longer rely on the traditional approaches of physical security safeguards, computer security, and proprietary safeguard methods. A useful additional approach is competitive safeguarding, which combines the three proven processes of competitive intelligence, counterintelligence, and operations security. Competitive intelligence is a common business technique used to analyze both marketplace and competitor-specific information. Counterintelligence is a multidisciplinary technique. Operations security is a five-step analytical process that uses an adversary¦s perspective to find vulnerabilities to critical information.