non disclosure and corporate espionage example

#NON DISCLOSURE AND CORPORATE ESPIONAGE EXAMPLE SOFTWARE#

It can be a challenge for organisations to find the right balance between allowing the company to use a trade secret in its best interests while effectively preventing its public disclosure. Yearly, the cost of trade secret theft reaches up to US$1.7 trillion.” Whether or not firms identify them as such, these assets are vulnerable to employee leaks, competitor theft and cyberattacks – risks that continue to grow as more business is conducted online and across borders, and as more employees work remotely. As the report notes: “Privileged access and secrecy are inherent to the value of many of these assets, making them by definition ‘trade secrets’.

#NON DISCLOSURE AND CORPORATE ESPIONAGE EXAMPLE SOFTWARE#

Today, many firms are built on these kinds of ‘intangible capital’.Īssets in the form of brand, customer data, business plans, engineering specifications, product formulas, software algorithms and organisational capital account for as much as 90 percent of the S&P 500’s total assets – up from just 17 percent in 1975, according to a report commissioned by CMS and The Economist Intelligence Unit. Trade secrets are varied and may include, for example, commercial data such as customer lists, product information such as recipes, or technological information such as source codes. Trade secrets, however, may not necessarily benefit from similar protections. Most forms of intellectual property (IP), such as patents, copyrights and trademarks, when they are disclosed to the general public, can be granted different forms of legal protection.

Trade secrets and other confidential information are key to an organisation’s success and distinguish it from competitors. Every organisation holds a body of information which, if disclosed, may damage its competitive strength, reputation or market value.

Non disclosure and corporate espionage example