Sep. 30, 2016|By Geoffrey S. Kercsmar
The U.S. Government estimates that trade secret theft costs the U.S. economy over $400 billion dollars annually. This isn’t new: trade secret theft has been a problem since the Industrial Revolution. For the most part, the federal government has remained silent on the issue and allowed states to address it on their own. Most states have enforced some variation of the Uniform Trade Secrets Act. But recently, Congress has gotten involved to help curb the ongoing effects of trade secret theft.