5 Biggest Mistakes Businesses Make Protecting Trade Secrets
Businesses continue to endure massive losses from the theft of trade secrets—in a recent survey, 40% of companies surveyed reported actual or suspected loss of trade secrets. The problem stems primarily from the rapid growth of computerization in the marketplace which makes it easier to copy, steal and misappropriate information, and therefore increases the likelihood of trade secrets theft.
Indeed, the biggest threat to your company’s trade secrets comes from within—your current and former employees are stealing your trade secrets and typically using your computers to do it. Furthermore, businesses are often unwilling accomplices to the theft because of ineffective trade secret protection strategies. Following are five mistakes businesses often make with respect to their trade secrets protection plan. Because trade secret protection is largely a managerial issue, taking these steps will decrease the chances that your trade secret information will be misappropriated, or that trade secret protection will be lost.
