Protecting Trade Secrets -- Just the Beginning

 

Trade secrets can be a large risk for many businesses. When that is the case, they should be a significant part of a comprehensive business continuity plan. Trade secret loss should be treated just like any hazard a business may face from natural, manmade or technological risks. The degree to which the loss of trade secrets will compromise your business should be identified and the probability that the loss may occur should be estimated. Based on those results and in concert with other identified and analyzed risks and hazards, a mitigation plan should be put into place.

 

Business continuity (BC) needs to be on every company’s core programs list. Let your concern for the security of your trade secrets be the launching point of a business continuity plan. The first step is corporate executive buy-in. Successful BC programs need the blessing and support of executives at the highest level of a corporation or they will die on the vine. The next step is creating a team to see the program through and to continue the programs ongoing implementation and evolution once it is launched. 

 

The Federal Emergency Management Association FEMA is a great resource and should be reviewed extensively by all team members. Local Emergency responders are also a critical resource and should be extended team members in all phases of BC development. Identifying the most probable and significant risks and hazards then creating mitigation and response plans follows. Regular “table top” and real life drills and program reevaluations are the key to success when emergencies present themselves. Professional BC consultants may be of great use, however you need to create your own plans and programs so they don’t just sit on the shelf collecting dust.

 

Be Prepared!

 

Felix Giannini FPE, CPP

Please reload

Featured Posts

Hundreds of Millions Annually - The Price of False Alarms

April 26, 2015

1/2
Please reload

Recent Posts

November 23, 2015

August 7, 2015

Please reload

Archive
Please reload

Search By Tags
Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

COMMERCIAL SYSTEMS

Access Control Systems

Commercial Fire Alarms

Video Surveillance &

   Digital Video Recording

Network Wiring

IP Telephone Systems

Intercom Systems

Environmental Monitoring

Public Address Systems

Custom Solutions

RESIDENTIAL SYSTEMS

Intrusion Detection Systems

Home Automation

Video Surveillance &

   Digital Video Recording

Network & Phone Wiring

Fire, Carbon Monoxide &

   Gas Detection

Medical Pendants

Lexco Total Connect

 

BUSINESS CONTINUITY

Important Links

White Papers

 

LEXCO RESOURCES

Customer Portal

How-to Videos

End User Instructions

Honeywell Vista Panels

Honeywell NET-AXS

Speco DVRs

Fire-Lite FACP

 

SECURITY BLOG

By Felix Giannini FPE, CPP

 

CONTACT US

Phone: (203) 367-4930

Fax: (203) 330-8000

Email Lexco

Secure Mail: 357 Commerce Drive

                    PO Box # 320274

                    Fairfield, CT 06825

 

LOCATIONS

Main Office: 338 Commerce Drive

                  Fairfield, CT 06825

Service Center: 6 Thorndal Circle

                       Darien, CT 06820

LEXCO ACCEPTS THESE MAJOR CREDIT CARDS

Copyright © 2015 Lexco, Inc.  All Rights Reserved.                                                                                                                                         CT Lic. # ELC.0105673-L5