Survey Shows Trade Secrets Are At Risk
Survey respondents estimated that 40-70% of company records are kept in electronic form, but the security and accessability to that information is questionable. With statistics running as high as 60% of networks whose security has been breached, a staggering amount of corporate data is left vulnerable.
The use of electronic information in litigation was also discussed in the survey. With an almost-unanimous response that technology will be used more frequently in the discovery process, a full 83% of corporations do not have any policies or procedures for handling electronic discovery requests.
Organizations and clients need to be educated about the issues that this survey raises, and established procedures for dealing with both the protection of trade secrets as well as handling of electronic discovery requests must be implemented.