A court in Illinois has sentenced a former employee of technology giants Motorola to four years imprisonment for having stolen trade secrets from the company. However, the man was found innocent of economic espionage to benefit the Chinese military.
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Companies like Motorola rely heavily on the quality of their research and the integrity of their data. They spend large sums of money in a bid to keep information out of the hands of the competitor. If another company were able to recover such information then they would be able to profit from the data without having done the work to achieve it.
Hanjuan Jin is a naturalised US citizen born in China who was said to have been secretly working for Sun Kaisens, a company that was responsible for the development of communication technology for the Chinese military. He was prevented from leaving the US by customs in 2007 and was found to be in possession of hundreds of documents containing trade secrets.
Protecting your business may not mean preventing trade secret theft but the modern business faces threats from many angles. Call The Business Octopus on 0161 968 2041 for more commercial business insurance news and to request a quote for your business insurance.