Monday, September 15, 2014

Protecting Trade Secrets in the Digital Age

Protecting Trade Secrets in the Digital Age Requires Extra Vigilance: "Technology allows businesses around the world to easily communicate and access data, increasing both business opportunities and worker productivity. However, this same technology also makes corporate data more vulnerable to theft and harder to protect. Lost or stolen data has significant financial repercussions; misplaced devices or server crashes are estimated to cost the average business $586,000 a year. Data theft was recently estimated to cost companies $250 billion a year, according to the National Crime Prevention Council. Intellectual property — customer lists, a secret recipe, proprietary product blueprints, financial data, merger and acquisition plans, etc. — faces a variety of threats as more businesses and employees take advantage of wireless and portable devices...." (read more at link above)

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