Business Services Industry

Companies need to keep sharp eye on trade secrets.(Brief Article)(Column)

Crain's Cleveland Business, July, 2002 by Brockett, Daniel L.

Theft of trade secrets is as old as business itself. But with huge sums to be made stealing the latest technology, the past decade has witnessed a dramatic upswing in the theft of proprietary information from corporate America. In recent years, major U.S. companies such as General Motors, Fruit-of-the-Loom, Avery Denison, Disney, and scores of others have become embroiled in high-profile cases of corporate espionage, many with an international dimension.

Such cases now are a common feature of the high-tech, information-age economy. These cases differ from the run-of-the-mill trade secret lawsuit in which a rogue employee shoplifts a customer list or pricing data. The new cases involve leading technologies and more sophisticated methods of intelligence...

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