eBook Features a Five-Step Framework to Identify and Analyze Trade Secrets; and Outlines Elements of an Effective Program to Protect Trade Secrets and Confidential Information
WASHINGTON DC, January 13, 2016 – Today CREATe.org launches a new eBook: ‘Safeguarding Trade Secrets and Mitigating Threats.’ The book aims to help companies understand how to protect trade secrets and critical business information from cyberattacks, insiders and other threats.
The eBook features a five-step framework to help companies assess and safeguard trade secrets. It also offers guidance and checklists outlining the elements of an effective program to protect trade secrets and critical business information.
“Confidential information is central to a company’s ability to compete and succeed today. The rise in digitized information, cyber threats and complex global operations puts these valuable crown jewels at greater risk than ever before,” stated Pamela Passman, President and CEO of the Center for Responsible Enterprise And Trade (CREATe.org). “This eBook offers practical guidance to enable companies to identify key assets, analyze threats and put business processes in place to safeguard trade secrets and other vital corporate information.”
The five-step framework was originally featured in the Whitepaper: Economic Impact of Trade Secret Theft: A Framework for Companies to Safeguard Trade Secrets and Mitigate Potential Threats, co-developed by CREATe and PwC in 2014. The framework includes identifying trade secrets, conducting a threat assessment, ranking the value of a trade secret and the economic impact of a loss of a trade secret, and steps to secure assets. Each element is discussed in-depth and a case study explores how a company could use the framework within its own organization.
The eBook also features a special section from CREATe.org outlining the management systems necessary for protecting trade secrets and other confidential information. It outlines the eight categories of an effective program:
- Policies, processes and procedures
- Information protection team
- Risk assessment
- Management of third parties
- Security and confidentiality management
- Training and capacity building
- Monitoring and measurement
- Corrective actions and improvements
For each category, the eBook offers a description of the business processes that should be in place along with a checklist of top actions a company should take to improve systems.
To download the report, please visit: https://create.org/resource/safeguarding-trade-secrets-and-mitigating-threats/
About the Center for Responsible Enterprise And Trade (CREATe.org)
The Center for Responsible Enterprise And Trade (CREATe.org) is a non-governmental organization (NGO) helping companies prevent piracy, counterfeiting, trade secret theft, and corruption.
Our mission is to make leading practices in IP protection and anti-corruption achievable for all companies. To achieve this mission, we have developed CREATe Leading Practices for IP Protection, CREATe Leading Practices for Trade Secret Protection and CREATe Leading Practices for Anti-Corruption. These services are based on best practices drawn from multinational companies, academics, international and business organizations.
Companies around the world are using CREATe Leading Practices to benchmark and improve systems for the protection of IP and trade secrets, and for preventing corruption.
About PwC US
At PwC US, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com/US.