The Economic Espionage Act of 1996 (as amended in 2012 and 2016):
A) defines trade secrets to include information only in tangible form.
B) protects the owner of trade secrets regardless of the measures used to keep the information secret.
C) provides for punishment of organizations that violate the act by subjecting them to fines of up to $5 million.
D) narrowly defines theft of trade secrets.

Question

Quizplus · Accepted Answer

The Economic Espionage Act of 1996, as amended, does indeed provide for the punishment of organizations that violate the act, including subjecting them to fines. Specifically, it allows for fines of up to $5 million for organizations found guilty of trade secret theft, reflecting the act's emphasis on protecting intellectual property and trade secrets at a corporate level. The other options are incorrect because the act does not limit the definition of trade secrets to tangible form only, does not protect trade secrets regardless of the measures taken to keep the information secret (reasonable measures must be taken), and does not narrowly define the theft of trade secrets but rather provides a broad definition to encompass various forms of misappropriation.

The Economic Espionage Act of 1996 (As Amended in 2012