Do software need to worry about their trade secrets getting out?

| Jul 17, 2020 | Trade Secrets

The internet has made it easier for business associates worldwide to share information between themselves in this technological era. While this has been a good thing in many cases, it’s come with some downsides. One of those is how to protect trade secrets and other proprietary information from being intercepted by competitors.

If there’s one thing that you should know about the internet, it’s that no one entity owns or controls it. It’s much like the Antarctic continent, where many different governments or entities claim rights to certain aspects of it. The internet is, therefore, virtually an open network. There’s no guarantee of security for the information shared there.

Third parties can easily intercept any information between business associates online, including trade secrets. While business owners can encrypt and take other data security measures to protect their data, hackers can sometimes break the code and access it. They can then quickly transmit this information to billions of other people for financial or competitive gain on the internet or dark web.

Many hackers are good about writing and running a program on a company’s website to steal proprietary information that company owners have no idea that anything is awry. Hackers can often cover their tracks to protect their identities. They seldom get caught.

Every business owner must protect any proprietary information, such as trade secrets, from ending up in the hands of others. The leadership at many companies have their workers sign non-compete or nondisclosure agreements. They do this in hopes that they won’t share any trade secrets or other proprietary data during their employment or upon termination from their role. Proactive company owners may train workers how to protect this information and limit who has access to it. Many of these measures aren’t good enough, though.

There are particular steps that software companies must take to protect their trade secrets and other proprietary information, especially if they store program data on the cloud or disseminate information online.

An attorney can advise you of how you can best protect your Roseville company’s intellectual property rights. Your lawyer can also notify you of any legal remedies that you may be able to pursue under both California and federal law should someone disseminate your proprietary information without your consent.