Managing Intellectual Property risk is a subject of rising importance for many companies. The realization that a significant portion of an organization’s overall value is tied to their Trade Secrets is dawning on the C-suite & Board of Directors. The vulnerability of trade secrets is not well-understood by many organizations & with the rise of AI/ML, the FTC (Federal Trade Commission) proposal to ban non-compete agreements, ransomware hackers, and nation-state actors, the vectors for attack are multiplying & having a proactive trade secret asset risk management program in place is essential to protect an organization’s IP, and to leave them litigation-ready in the instance that they do experience a misappropriation.

Risk & Compliance Magazine brought together Mary Guzman (CEO, Crown Jewel® Insurance), Bridget O’Connor (Partner, Fortalice Solutions), and Matthew Kohel (Partner, Saul Ewing, LLP) for a discussion about these factors and strategies organizations can adopt to protect what they have & position themselves to be ready to legally defend any misappropriation event. 

https://riskandcompliancemagazine.com/trade-secret-risk-management-in-2023