Sharing Confidential Information with External Partners
Has your organisation always shared confidential information with external partners? Is that relationship based on trust? Today many organisations are opening up their operations to external partners with the aim of cutting costs and increasing efficiency. For organisations that have developed a long term relationship with external partners, there needs to be an impact assessment on how introducing endpoint security tools like enterprise rights management will affect that relationship. If the management and operations structure of the partner remains unchanged it might be prudent not to change the current relationship.
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Why Enterprise Rights Management may be the solution you don’t need
I am a big Panera bread fan, I just love what they do with dough. I also happen to love baking, so given that I am obsessed with Panera’s cinnamon crunch bagel and cannot get it to buy in the United kingdom where I live, I decided to hunt for the recipe. To my heartbreak, it is a secret recipe nowhere to be found of the web.
I have even subscribed to Google Alerts to search for the term “cinnamon crunch bagel recipe” about 6 months ago and till today still no joy. This got me thinking that it is unlikely that Panera use Enterprise Rights Management to protect its secret recipes. When I watch TV programmes like Man v Food, Adam Richman visit some of the best restaurants in the United States where some of these businesses have been able to keep their secret recipes under lock and key for 40, 50 years or more.
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When Should Organisations Hold Staff Responsible for Stealing Trade Secrets?
I was reading a post in the Trade Secrets blog today in which Wells Fargo is suing a former employee for stealing trade secrets in a plot to strip the bank of nearly $143 million in business. Among all the other accusations, I want to focus on the stealing of trade secrets. It maybe that Wells Fargo had an audit trail of who was doing what with its confidential documents and was able to come to the conclusion that its trade secrets were stolen. It might even have Enterprise Rights Management installed which is all well and good. However, if your organisation does not have the right tools to lock down and track the use of confidential documents, do you really have a foot to stand on?
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