For many companies, trade secrets are what give them an edge over their competitors. Yet, the risk of losing that edge is increasing with the rising use of social media (e.g., Facebook, Twitter, MySpace) in business.
Given its nature, social media ordinarily is not associated with protecting confidential information. Most stories in the news about the perils of social media relate to personal privacy rights. However, similar problems exist with respect to other types of confidential information, and confidential information is being injected into social media networks regularly, although not necessarily intentionally.
