Editor’s Note: CRE, a leader in defining cybersecurity Best Practices and voluntary consensus standards policies, applauds the Administration’s decision to “Support and Promote Voluntary Best Practices” for protecting trade secrets. The challenge for companies will be to obtain federal acceptance and recognition of cost-effective cybersecurity best practices and market-driven consortia security standards. The complete Administration Strategy on Mitigating the Theft of U.S. Trade Secrets is attached here. Below is an excerpt from the Strategy.
Advancements in technology, increased mobility, rapid globalization, and the anonymous or pseudonymous nature of the Internet create growing challenges in protecting trade secrets. Companies need to consider whether their approaches to protecting trade secrets keeps pace with technology and the evolving techniques to acquire trade secrets enabled by technology. The Administration encourages companies to consider and share with each other practices that can mitigate the risk of trade secret theft. These best practices should encompass a holistic approach to protect trade secrets from theft via a wide array of vulnerabilities.
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