European Commission Floats Proposal To Stop Theft Of Trade Secrets
The rise of cybercrime and industrial espionage, including alleged economic spying by the US National Security Agency, calls for a pan-European system to protect trade secrets, the European Commission said on 27 November. A recent survey showed that one in five European companies has suffered at least one attempt to steal its trade secrets in the past 10 years, the EC said, and the numbers are rising. It proposed legislation to safeguard undisclosed know-how and business information against unlawful theft and abuse. Industry generally hailed the proposal, though one law firm said it lacks some enforcement teeth.
