Trade Secret Newsletter: October
Each month, there seems to be more and more Trade Secret news. Whether it's a legislative rule change or a market trend, these current events are changing the ways companies need to manage and protect their IP.
The recently passed Cybersecurity Disclosure Requirements by the U.S. Securities and Exchange Commission are broad enough to trigger notification if high value trade secrets are compromised. The loss of a company’s ability to enforce its trade secret rights around such an asset is, by definition, “material”. So even though this new regulation is being pushed out to and through the “cyber”echo chamber, we believe it is just as much an IP risk management issue. Read the full blog post on our website or LinkedIn Page: https://www.crownjewelinsurance.com/blog/sec-cybersecurity-disclosure-rule-and-trade-secrets
The top 10 Nasdaq companies averaged a 30% or more increase in R&D spending in the last 24 months, some in just the last year alone! Seven of these 10 spend over 10% of their REVENUE on R&D annually. R&D is where most trade secrets live, although unlike patents, trade secrets can include business processes and strategic info created elsewhere in the company too. Read the full article on R&D investment increase here: https://www.visualcapitalist.com/cp/ranked-the-10-biggest-nasdaq-companies-by-rd-investment/
Want to learn more about our first-party trade secret offering? This short 1-minute video gives a great summary of what it covers and how it responds.
Check out the link below:
Lastly, our next #TradeSecretTuesday is October 31st at 11 EST. On this webinar, we will cover the spooky topic of "defining reasonable measures." 🎃 Register with the link below to attend or receive the replay: https://forms.gle/qrBXJAcgtpYZsnG66
Please let us know if you'd like to set up a call with members of your team to learn more about our trade secret risk management solution. We have tons of additional resources on our website and LinkedIn including a Trade Secret Primer that features an FAQ where we keep up to date examples of recent claims/losses.