PROTECTING COMPANY SECRETS IN THE 21ST CENTURY

The importance of keeping trade secrets as an informational asset has become even more pronounced in the technological age (Almeling, 2012). This is not surprising, given the endless possibilities of information diffusion that have resulted from technological advancements in the 21st century. The evolution of the internet, mobile phones, and other advanced means of transportation and communication have all contributed to the increased importance of trade secrets in the global economy in this century. The purpose of this paper is to examine the possibility of, and methodologies for keeping company trade secrets in the 21st Century.Using real cases, the paper highlights issues of trade secret protection and offers practical recommendations.