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September 2010

How to develop a data breach response strategy

What happens when your company experiences a data breach involving intellectual property or valuable trade secrets? In the last year, there's been a significant uptake in the number of corporations seeking legal advice around the protection of their high value intellectual property -- particularly organizations with large overseas operations. While this type of data may not be as regulated as personally identifiable information (PII), its loss can be more financially damaging. Take, for instance, the real-life example of an organization in the process of closing a deal in the hundreds of millions of dollars. The entity with whom the organization was negotiating had a suspiciously high amount of privileged information, right down to references made by key executives in their emails. A forensics investigation determined that the organization, and its outside advisors, had indeed been the victims of a breach where emails and intellectual property relevant to the deal were accessed. While CEOs might think this type of industrial ...

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