12:00pm - 2:00pm (First 15-20 minutes is for networking) Sandwiches and beverages included
Hosted by the Information & Communication Technology and China Business and Intellectual Property Committees
'Before, criminals used to steal money to become rich, but now they have realised they can be rich by stealing corporate information" – quote from a US Treasury Department Official. The number of trade secret theft cases tried in US federal courts doubled between 1988 and 1995 and doubled again between 1995 and 2004. However the risk of trade secret theft does not lie just within the West, the risks are magnified when companies extend their supply chain into China for greater competitiveness.
According to Kroll's 2012/2013 fraud report, more than two-thirds of firms that have suffered at least one incidence of fraud in the past year cited an insider as the key perpetrator.
While insiders have been identified as the main perpetrators in compromising a company's intellectual property (IP) – they sometimes involve competitors, customers and 3rd party intermediaries.
Are you protected? Technological developments have triggered cyber thieves to discover new reasons and methods to steal corporate data and billion-dollars' worth of IP. Additionally, countries like India, Singapore, Malaysia and Hong Kong do not provide statutory protection for trade secrets or confidential information, and in China it is difficult to enforce.
With this in mind, the seminar will discuss the following key points:
․ Trends that have escalated the risk and prevalence of trade secret theft – Now and Future. ․ How to best protect your organizations' trade secrets: Integrated IP approach. ․ Case studies and common trade secret theft scenarios in China.
The American Chamber of Commerce in HK 1904 Bank of America Tower 12 Harcourt Road Central, Hong Kong