It is estimated that over 70% of the value of an average business is held within its information systems. With this statistic in mind, it’s not surprising that information can now make the difference between success and failure for a business. For this reason, corporate espionage has become an enormous problem as we have progressed into the Digital Age.
Statistics drawn from various industry sources show that losses due to trade secret thefts are estimated at more than $150 billion a year.
Despite the significant risks that corporate espionage poses, few companies spend the money that is needed to secure and protect their trade secrets from disgruntled employees, and to train their employees to safeguard invaluable company trade secrets. In that regard, companies must pinpoint the specific physical, information technology and other security protocols they can take to safeguard their trade secrets from thieves. And the day is past when trade secrets can be adequately protected simply by requiring employees to execute confidentiality agreements, non-solicitation agreements and covenants not to compete.
Trade secrets and confidential information can be accessed from:
- File Cabinets
- Personnel Files
- Computer Workstations
- Off-Site Login
- High-Tech Surveillance Equipment
- Cell Phones/PDAs
- Fax Machines
To learn more about how you can counsel companies to more effectively protect valuable trade secrets join Orange County attorney Ron Brand for a detailed discussion of what can be done to protect this invaluable company information. The main topics discussed include corporate espionage, the definition of a trade secrets, how to protect trade secrets and ensuring the enforcement of rights. Mr. Brand also provides thorough analysis of recent trade secrets case law from California and around the country and discusses what Congress is doing to protect trade secrets. To access the course please click here: Protecting Employer Information.
Further issues addressed in this CLE course include:
- Information technology
- What thieves are targeting
- How trade secrets are accessed
- The types of information that can be a trade secret
- Security measures
- Protecting corporate assets
- Conducting exit interviews
- Misappropriation of trade secrets
- Cease & desist letters
- TROs/preliminary injunctions
- Monetary damages
- Non-solicitation & non-compete agreements
- The CFAA (Computer Fraud and Abuse Act)
Ron S. Brand focuses his practice on providing legal advice, guidance, and representation to employers in all aspects of labor and employment law, including defense against Federal and State-based wrongful termination, retaliation, harassment, discrimination, wage and hour, whistle blower, defamation, breach of contract, fraudulent inducement and other similar claims brought by current and former employees. He represents employers in both Federal and State courts, and before administrative agencies, including the California Department of Fair Employment and Housing and the Equal Employment Opportunity Commission. He is a frequent speaker for CLE providers, trade groups, associations, and private employers on a wide variety of employment law related issues, including protection of trade secrets and pre-employment background screening.
This CLE course on protecting trade secrets is currently accredited in the following states:
- Alaska (AK)
- Arizona (AZ)
- California (CA)
- Connecticut (CT)
- District of Columbia (DC)
- Illinois (IL)
- Maryland (MD)
- Massachusetts (MA)
- Michigan (MI)
- New Jersey (NJ)
- New York (NY)
- North Dakota (ND)
- Pennsylvania (PA)
- South Dakota (SD)
Attorney Credits offers continuing legal education (CLE) for attorneys in Illinois and around the country. For more information about CLE in Illinois please click the following link: IL CLE.