By: Abbey Duhé
Cloud computing, whether that refers to data storage or service models like Software as a Service (SaaS) offers businesses an attractive cost-saving opportunity but leaves users at risk of losing valuable trade secrets. This blog post argues that the current avenues for legal recourse, though bountiful, are not enough to actually protect the value of these assets. The cloud computing industry imposes expanding demands on the reasonableness requirements to keep trade secret information confidential, but merely provides as a default the opportunity to litigate once the trade secret has already been lost. Solutions for companies may include keeping trade secret information out of the cloud altogether, but also more formalized standards to adapt to growing cybersecurity concerns.