Critical product information should be on a
'need-to-know' basis.
It has never been more important for Canadian companies to
identify and protect their trade secrets. We often initially
visualize an intruder or a hacker when picturing a trade secret
thief. Consider the risk of a thief handing over your stolen trade
secrets to his or her business partner. All of your company's
custom-developed, secret software is now theirs. Soon, it will be
shared with other companies that are more than willing to also take
and misuse the software. Next, your company loses a bid on a major
project to the thief's company — after all, it is easy to
underbid your company by more than 10 per cent, since the new
competitor has spent no money or time on research and
development.
