The Two Steps All Small Businesses Can Take to Protect Their Trade Secrets

Many small businesses use Google, Microsoft 360, Dropbox or some other similar systems to maintain  and manage company records.  All of those systems allow the administrator to (1) set restrictions on which employees can access which information within the company; (2) track what the employees do with that information; (3) set restrictions on whether the employees can print, download, copy or share the information with other employees or people outside the company; (4) periodically change passwords to access the system; and (5) many other features that can help business owners prevent their information being shared outside the company. 

Is Credit Card Information Stored by a Restaurant a “Trade Secret”?

Credit card data (including cardholder names, credit or debit card numbers, and corresponding CVVs) were akin to passwords and usernames that provided access to something of value,” i.e. an individual’s line of credit with a financial institution or money in an account with a financial institution, and were not “trade secrets” under the Defend Trade Secrets Act.

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