Putting the Genie Back in the Bottle: Protecting Trade Secrets During and in the Aftermath of COVID-19 [CC]

    Putting the Genie Back in the Bottle: Protecting Trade Secrets During and in the Aftermath of COVID-19 [CC]
    CLE 60 min

    Putting the Genie Back in the Bottle: Protecting Trade Secrets During and in the Aftermath of COVID-19 [CC]

    Trade secrets are often the most valuable form of intellectual property, even more valuable than patents. If companies were not doing enough before, what are the chances they are doing better now, in the world of COVID-19? In this interactive discussion we will speak with some folks dealing with these issues daily for their guidance and tips on how to put the trade secrets genie back in the bottle.

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    Closed Captioned. Trade secrets are often the most valuable form of intellectual property, even more valuable than patents. Most companies rely on NDAs, some confidentiality measures, and ultimately litigation to protect trade secrets. Although more can be done, studies have show that 60-70% of companies, even multinational companies, are not taking appropriate additional measures to protect their trade secrets. Historically, the most common threats to trade secrets are from insiders, i.e. employees and former employees, as well as other business partners - not hackers and nation states – although the impact of cyberthreats cannot be minimized in today’s pandemic climate, where all but the most essential workers are working from home (WFH). If companies were not doing enough before, what are the chances they are doing better now, in the world of COVID-19? While there has, understandably, been a heavy emphasis on beefing up remote workers cyber protections, and some commentators have made a passing nod at the need to remind the workforce to protect trade secrets, how many companies can be certain that they are doing all they can to protect their trade secrets? Given that most companies were not using “trade secrets 2.0” protections in the first place, it is likely that more can and should be done. Not only should companies be thinking about the measures they need to have in place now, during the pandemic, but they also need to worry about the aftermath once workers are back at their desks. In this interactive discussion we will speak with some folks dealing with these issues on a daily basis for their guidance and tips on how to put the trade secrets genie back in the bottle.

    Product Details

    Sponsors

    Section of Intellectual Property Law

    Product Code

    PT2005COVOLC

    Duration

    60

    Publication Date

    5/19/2020 12:00:00 AM

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