Cybersecurity: Putting the Toothpaste Back in the Tube – Best Practices for Responding to a Security Breach
Regardless of whether a security breach involves the franchisor’s own trade secrets, such as its operations manuals, policies, recipes and formulas or business plans, or third party data such as customer or franchisee information, the resultant business and legal issues are similar. Failure to act quickly and appropriately may mean that trade secrets and confidential information lose their protected status by ending up in the public domain. The result can be a tremendous loss of value to the franchisor and its franchisees, and can expose the franchisor to claims by shareholders, franchisees, and/or customers. What is the allocation of loss between franchisor and franchisee? This panel will address best practices for salvaging the value of compromised trade secrets and third party data, and—where necessary—litigating against the wrongdoers.
*Please note there is a cost to attend.