Troutman Pepper has formed a Corporate Espionage Response Team to help clients combat the increasing incidence of corporate espionage — when an insider or third party accesses, steals, and/or uses a company’s confidential and proprietary information without authorization to secure a commercial advantage. The team brings together attorneys and technologists across multiple practice areas and disciplines to ensure rapid responses and subject matter expertise for related investigations and litigation.
“Workplace digitization, increased remote-work arrangements, and inexpensive data storage have created unprecedented challenges for companies when it comes to maintaining data security, trade secrets, and proprietary information,” said Evan Gibbs, a partner in the firm’s national Labor + Employment Practice Group who co-leads the response team. “We formed this essential task force of attorneys to help clients with this growing threat.”
“Having an established group at Troutman Pepper with the background and necessary expertise to quickly mobilize is a real comfort to clients,” added Partner Will Taylor, co-leader of the response team. “When a client contacts us with an issue, we can send up the bat-signal to quickly bring together the right resources.”
Given the sophistication of today’s threats, a superhero team in a client’s back-pocket can make all the difference.
“The cost of corporate espionage can be hard to fully quantify but estimates put it in the billions of dollars in economic damages each year,” Gibbs said. “We want our clients to be protected.”
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