The most common and most likely answer to this crossword clue is the 10 letter word PARASITISM
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More clues leading to the result PARASITISM
Buddy explains!

The straight part
We know that "Infestation by preying organism" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case infestation by preying organism = parasitism.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does PARASITISM mean?
PARASITISM noun- Interaction between two organisms, in which one organism (the parasite) benefits and the other (the host) is harmed.
- A similar interaction between people.