The theft of trade secrets costs between 1 and 3 percent of the gross domestic product of the United States and other advanced industrial economies, according to a new report.
PricewaterhouseCoopers US and the Center for Responsible Enterprise and Trade (CREATe.org) collaborated on the report, “Economic Impact of Trade Secret Theft: A Framework for Companies to Safeguard Trade Secrets and Mitigate Potential Threats,” which leverages multiple studies on illicit economic activity to assess the economic impact of trade secret theft and provides a framework on how to protect company assets.
