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What are the practical steps that businesses should take to prevent leakage of business sensitive information?

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Sensitive business information are almost seen as business assets that must be jealously guarded and protected. They may include trade secrets, products formula and the likes.

What are the steps a business can be take to prevent these sensitive business information from leaking?
 
Most companies or organizations usually ensure that their staffs signs some sort of legal agreement where they are not allowed to leak any information.
 
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