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Philadelphia Business Journal: Why You Should Care About Trade Secrets and How to Protect ThemMarch 22, 2019
Conversations surrounding intellectual property (IP) often focus on brand components like logo, packaging, or design. However, in today’s digital economy companies are neglecting to protect or recognize trade secrets as a fundamental piece of IP.
Though there is increased focus on cyber threats to IP, companies estimate that only 10 percent of trade secret losses are caused by these external threats. A recent study by O’Melveny confirms that the most likely source of trade secret loss is business insiders, including current and former employees or third-party partners.