Cyber crime illustrates the two defining business trends of the modern day-globalization and technology. When these crimes are committed by third parties outside of companies or by insiders who steal company secrets, years of investment in research and development of IP are placed in jeopardy, a company's competitive advantage is at risk, and jobs can be lost. And it may be impossible to undo the damage to the company's IP.

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Morgan Lewis partner Ryan McConnell contributes a regular column on risk and compliance to Corporate Counsel.