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Industrial or trade secrets are deemed to be any information:\n(a) That has a present or a potential independent financial value or that provides a business advantage, insofar as such information is not common knowledge or readily accessible through proper means by persons who could make a monetary profit from the use or disclosure of such information, and\n(b) for which reasonable security measures have been taken, as circumstances dictate, to maintain its confidentiality.\nAny information generated by, used in or resulting from any failed attempts to develop a trade secret shall also be deemed to be a part thereof.\nHistory —June 3, 2011, No. 80, § 3.