trade secrets News

U.S. Aims to Stop Flow of Private Data to China With Charges

For the last several years, hackers based in China have allegedly been sucking up vast amounts of personal data of U.S. citizens: names, dates of birth, Social Security numbers, even fingerprints. On Monday, the U.S. Justice Department took another stab …

L’Oreal Owes Olaplex $91 Million for Stealing Trade Secrets

In the final moments of his rebuttal to L’Oreal SA’s closing argument in a trade-secrets trial, a lawyer for California startup Olaplex LLC told jurors they would choose the victor in a courtroom battle of biblical proportions. “David versus Goliath,” …

L’Oreal Fights California Startup Over Secret to Protecting Hair

L’Oreal SA made its name with an innovative hair-dyeing technology more than a century ago. Now the world’s largest beauty company is facing off in federal court against a California startup with pioneer claims of its own. The startup, Olaplex …

Tesla Sues, Claiming Engineer Stole Autopilot Source Code

Tesla Inc filed a lawsuit on Thursday against a former engineer at the company, claiming he copied the source code for its Autopilot technology before joining a Chinese self-driving car startup in January. The engineer, Guangzhi Cao, copied more than …

Waymo, Escalates Claims Uber Stole Tech Trade Secrets

A self-driving car company founded by Google is presenting new evidence to support allegations that a former manager stole technology sold to Uber to help the ride-hailing service build its own robot-powered vehicles. Waymo, a project hatched by Google eight …

Hackers Drawn to Oil and Gas Industry’s Lack of Sensors, Controls

Oil and gas companies, including some of the most celebrated industry names in the Houston area, are facing increasingly sophisticated hackers seeking to steal trade secrets and disrupt operations, according to a newspaper investigation. A stretch of the Gulf Coast …

Disgruntled Workers Hacking Employers Is on the Rise, FBI Says

Employees with an ax to grind are increasingly using Internet cloud services and other computer tools to hack their current or former companies, the Federal Bureau of Investigation and Homeland Security Department said. The workers use services like Dropbox Inc.’s …

Cybercrime Thefts Reach $445 Billion

Cybercrime remains a growth industry. That’s the main message from former U.S. intelligence officials, who in a report outlined scenarios for how $445 billion a year in trade theft due to computer hackers will worsen. They warned that financial companies, …

Mississippi Law Protects University Intellectual Property

Mississippi lawmakers have extended trade-secret protections to universities and community colleges by exempting materials tied to any commercial, scientific or technical research from the state’s Open Records Act before the research is published. Gov. Phil Bryant signed House Bill 116 …

Sporting Goods Company CEO Posed as Rival Exec to Get Secrets

The CEO of a sporting goods chain who once appeared on the TV show “Undercover Boss” pretended to be an executive from a rival company in an effort to get confidential information, according to a lawsuit. Dick’s Sporting Goods claims …