![]() The list put together by the Dictionary of International Trade Handbook of the Global Trade Community, serves as an excellent overview of the many countermeasures that your company can implement.Īs you’ll see, the list includes installing alarms, shredding documents, utilizing offsite storage facilities and implementing a wide range of cyber security measures.ġ. companies are tasked with implementing a comprehensive security regime to safeguard trade secrets.īelow is a comprehensive list of countermeasures that every American executive and in-house counsel should be familiar with. To comply with the law’s “reasonable measures” requirement, U.S. The term“’trade secret’ is broadly defined under the EEA and includes all forms and types of financial, business, scientific, technical, economic, or engineering information, including patterns, plans, compilations, program devices, formulas, designs, prototypes, methods, techniques, processes, procedures, programs, or codes, whether tangible or intangible, and whether or how stored, compiled, or memorialized physically, electronically, graphically, photographically.” The EEA requires that a trade secret owner take “ reasonable measures” to keep information secret. Economic Espionage Act (EEA) was enacted to safeguard our nation’s economic secrets. Safeguarding information is not only necessary to keep America competitive, it’s also the law. The incident is the latest example that no security barrier is too great for a determined corporate spy to breach.Īs our foreign competitors step up their efforts to do whatever they can to steal our vital trade secrets, there’s never been a more critical time for American companies to implement effective industrial espionage countermeasures. ![]() It took only a few days, however, for a German hacking group to bypass the phone’s latest security feature and gain access to the device. ![]() The most innovative feature of the new phone was the device’s fingerprint scanner, which was widely heralded as being the world’s first “hack proof” access point. Last week Apple released the Apple iPhone 5s.
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