How to Protect Your Company From Hackers
March 8 (Bloomberg Law) — With reports of corporate espionage and hacking on the rise, the US government and private companies need to take steps to prevent the loss of trade secrets and threats to national security says Peter Toren, partner at Weisbrod Matties & Copley PLLC. “It’s very difficult for the remedies to come in the legal system, but that’s not to say the government and private parties shouldn’t do everything they can in this area” he tells Bloomberg Law’s Lee Pacchia.
Indictments would send the message that the government has the technological capability to track down hackers wherever they operate and takes cyber security threats seriously. While Toren feels that indictments would not completely resolve the problem of corporate espianage and hacking, he does think it would have a deterrent effect.
But while the federal government has an interest in preventing cyber attacks, Toren feels companies should be taking the initiative to protect themselves sooner rather than later. “Many [private companies] do not take these issues as seriously as they should,” he says. Despite the apparent risks Toren feels many companies still are not taking the necessary precautions to prevent security breaches. “Sometimes you need something bad to happen for it to be a wakeup call,” he says.