China, Singapore and the United States are ready to spy, but European leaders fear fines for violating the GDPR.
While most senior executives believe more money is needed to protect trade secrets from malicious criminals and insider threats, some are willing to spy on staff.
Law firm CMS commissioned The Economist Intelligence Unit to interview over 300 senior executives from various businesses in China, France, Germany, Singapore, the United Kingdom and the United States.
Three quarters (75%) agreed that large investments are needed to protect trade secrets. The most important security aspects are considered cybersecurity measures (53%), agreements and privacy policies (46%) and restricted access (42%). Less than a third of those surveyed (31%) believe that creating a culture that encourages the protection of trade secrets will be effective.
When it comes to mitigating internal threats, about a third of respondents intend to implement various measures over the next two years, including changes in corporate culture, moving away from cloud storage and encouraging leak reporting.
It is doubtful that 33% of executives intend to organize surveillance of digital activities of employees. The majority of those wishing to adopt a similar strategy is in China, Singapore and the United States, while European respondents fear fines for violating the GDPR.
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