Quantifying Trade Secret Theft: Policy Implications

Addressing vulnerability and promoting security
Posted May 29, 2021 | Centre for International Governance Innovation, Dan Ciuriak, Maria Ptashkina

The domain of trade secrets as a form of intellectual property, is becoming an increasingly important issue in global trade governance. As the theft of trade secrets is estimated to cost hundreds of billions of dollars annually, governments are developing legislation to mitigate these losses. In this paper by the Centre for International Governance Innovation, Dan Ciuriak and Maria Ptashkina discuss the growing importance of trade secrets, the responsibility of corporations to protect their trade secrets, and how trade secret theft occurs through cybertheft or personnel movement between companies. The authors also argue, however, that protecting intellectual property rights must not come at the expense of the innovation-intensive economy. 



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