You're worried about your employees leaking trade secrets. You think it may happen via email. You understand just how fast information can change hands in 2019.
You know that your main reason for success is the fundamental idea behind your products, a proprietary design that only your company uses. People have to come to you when this is exactly what they want, and that makes it very valuable indeed.
Often, the key to keeping trade secrets is simply to restrict the number of people who have access to them in the first place. Some companies are famous for keeping their recipes and formulas confined to one or two individuals. This way, even if an employee wanted to leak the secrets, they'd have no way to do so. It does not take nearly as much loyalty to avoid an issue.
When you want to protect your trade secrets, you can do it through legal means, such as having your employees sign a nondisclosure agreement (NDA). However, what you really want are loyal employees who won't try to sell out your company to the competition. They'll stay in their current positions instead of moving on and they will keep your trade secrets safe.
Trade secrets are incredibly important. Your whole business may be built on one product or idea. The fact that you alone have the knowledge of how to create that product is what gives your company its strength. It gives you an edge. It sets you apart from other companies that are trying to enter the same space.
Employees are often asked to sign nondisclosure agreements when they're hired. In essence, the owners of the company understand that employees need access to certain sensitive information in order to be effective, but they also know that employees come and go. They don't want them to take valuable information that the company holds with them when they leave.
Trade secrets may very well be the most valuable thing that a company owns. They drive that company's success. They're more important than operational processes or individual employees. They matter more than investors or advertising. They also can define how well a company does and how long it lasts.
You may have heard that a man who won on Laugh Factory claimed they never paid him and decided to sue the company. It's getting even more complicated now, though, as Laugh Factory has turned around and sued the comedian, saying that he tried to run a scam to steal their trade secrets.
A Chinese national will serve 27 months in federal prison after he admitted to stealing trade secrets from two businesses in Irvine, California.
Most employees care about the company for which they work. As such, they would not typically let sensitive information leak to other parties. However, businesses in California do sometimes suffer the loss of private information, often due to the actions of employees. These losses leave business owners wondering just how their employees let valued trade secrets leave the safety of the business.