Burr & Forman

07.11.2017   |   Articles / Publications

Daily Report: Theft of Trade Secrets by Cyberattack: Mitigating the Damage

In an article published on July 10, 2017 by the Daily Report, William “Chip” Collins, Jr. offers guidance to businesses on how to effectively address computer-based theft of confidential trade secrets. The article details that that the only way for businesses to obtain the protections afforded to trade secrets by federal and state law is for a company “to show that the information is in fact confidential, and that the business has taken reasonable measures to maintain that secrecy.” Collins emphasizes, “The risk of theft of trade secrets by cyberattack cannot be eliminated, but advance preparation for such an attack – and swift and effective responses to them when they occur – can help minimize the damage to and preserve the high value of this class of intellectual property.”

For the full article, subscribers to the Daily Report may click here.

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