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Companies Aren't Prepared for Potential Trade Secret Theft

Just under a third of companies have procedures in place to respond to such thefts, survey shows.

Twenty percent of companies have had trade secrets stolen, according to a report recently released by Baker McKenzie.

The report, “The Rising Importance of Safeguarding Trade Secrets,” also showed that many companies may not be prepared to respond to this problem. Just under a third of companies surveyed have procedures in place to respond to the threat of or actual theft of trade secrets.

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