New Federal Tools Can Help Private Sector Protect Trade Secrets From Cyberattacks – And May Soon Require Reporting


It has largely been up to individuals in the private sector to protect their trade secrets from cyberattacks in the absence of a national response. However, going forward in 2021, the federal government has enhanced its response in preventing private-sector cyberattacks by initiating a process whereby it can work with the private sector to prevent them from occurring. By including the private sector in its cybersecurity defense plan, the government has departed from its historical approach which had until now focused solely on national security efforts.