It’s no secret that trade secret theft is rampant, and it seems that much of it is being supported by Chinese sources.
Recently, Hongjin Tan, a Chinese national and former scientist at Phillips 66, was sentenced to 2-years imprisonment following a guilty plea for copying files that contained trade secrets relating to battery technology. He downloaded hundreds of files to a flash drive before tendering his resignation. Some of those files were later found on Tan’s external drive at his home.
The technology was work $1 billion. Wouldn’t it have been a good idea to restrict access to those files? Do you have any restrictions on who can download restricted files in your business?