Friday, January 5, 2024

5 Steps for Preventing & Mitigating Corporate Espionage

via Evan Gibbs, Will Taylor, Partners, Troutman Pepper
There has been a steady increase in the volume of incidents involving corporate espionage, especially matters in which an insider is the bad actor. In an era when such risks are escalating, protection of sensitive corporate information has become paramount.

Here are five key strategies companies should implement to prevent and mitigate corporate espionage. (summary...)
  1. Insist on Nondisclosure Agreements
  2. Know and Control Your Trade Secrets
  3. Perform Due Diligence
  4. Train Your Employees and Independent Contractors
  5. Promptly Investigate Suspected Activity

Preventing and mitigating corporate espionage requires a multifaceted approach. By implementing rigorous legal safeguards, conducting thorough due diligence, using secure communication practices, providing comprehensive employee training, and responding promptly and effectively to suspected activity, companies can significantly enhance their protection against corporate espionage and safeguard their assets. more