Cloud computing offers significant benefits for businesses by enabling flexible work arrangements and improved collaboration. However, this transition introduces new risks for the protection of trade secrets, with the rise of misappropriation via cloud services. Legal experts highlight the shift from physical data theft to digital exfiltration through cloud systems, often leading to legal challenges. Effective strategies and best practices are crucial for businesses to safeguard their confidential information against unauthorized access or accidental leaks in the cloud environment.
Despite the added risks associated with cloud-based sharing, the good news is that there are a number of steps companies can take to minimize their trade-secret exfiltration risk or liability.
In a number of recent cases we've been involved with, confidential information was dispersed widely via cloud systems, resulting in costly and sometimes confounding litigation.
The expansion of cloud computing has created new challenges for companies seeking to protect their trade secrets, as well as new opportunities for unscrupulous employees.
Companies must understand that misappropriation via cloud is a new frontier requiring updated strategies to secure their trade secrets effectively.
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