E.E.A.

Economic Espionage Act of 1996
The Economic Espionage Act of 1996 provides new legal tools to prosecute those who commit economic espionage by stealing trade secrets. The term trade secret refers to all forms and types of financial, business, scientific, technical, economic or engineering information, including patterns, plans, compilations, program devices, formulas, designs, prototypes, methods, techniques, processes, procedures, programs, or codes, whether tangible or intangible and whether or how stored, compiled, or memorialized physically, electronically, graphically, photographically, or in writing.

Will The Federal Government Protect Your Business Under E.E.A.?
It can. But it doesn't cover you without your effort. These are the two additional requirements for the EEA to apply to your business.

  1. The owner thereof has taken reasonable measures to keep such information secret, and
  2. The information derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable through proper means by the public.

Section 1839. Definitions – (3) the term 'trade secret' means all forms and types of financial, business, scientific, technical, economic, or engineering information, including patterns, plans, compilations, program devices, formulas, designs, prototypes, methods, techniques, processes, procedures, programs, or codes, whether tangible or intangible, and whether or how stored, compiled, or memorialized physically, electronically, graphically, photographically, or in writing if – (A) the owner thereof has taken reasonable measures to keep such information secret; and (B) the information derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable through proper means by, the public.

What To Do?
There are no compliance requirements. However, if a company wants to prosecute under the EEA, the company must report its suspicions to the FBI. You must also prove 'reasonable measures' were taken to keep your information secret. That also applies to discarded information.

Protect yourself and reduce your company's risk by properly destroying ALL company materials. Our document destruction services cover all document types – paper, non-paper, printed and digital.

For Questions or to Schedule Service, Call Smarter Shredding at (844) 392-7473

NAID AAA Certified Smarter Shredding, Inc. is a BBB Accredited Shredding Service in Dallas, TX
Your organization must comply with laws and regulations, requiring that it protect certain information when it is discarded.

An increasing number of laws actually require organization to shred or face steep fines.
Why Shred? Protect Your Reputation Protect Yourself

State Laws

Texas Shred Law (HB 698)

Federal Laws

Check 21 EEA FACTA FERPA GLB HIPAA Identity Theft Penalty Enhancement Act SOX
CEO's #1 Fear? Severely Damaged Reputation from a Security Breach
Doing Nothing = Negligence. This opens the door to class action lawsuits and massive punitive damages.
It's The Law. You cannot throw away expired documents under Texas Shred Law and Federal Law. You will be publicly exposed and hit with massive audits and fines.