Intellectual Property Leakage
The long-term ramifications of leaks private or IP information can negatively impact the innovation of businesses financial stability, competitive advantage. A solution to detect and respond to these kinds of attacks is essential for all businesses to stay ahead of competitors, limit the impact on their bottom line, and restore their reputation after a damaging incident.
At a high level intellectual property refers to ideas of the human mind like inventions works of art and literature such as names, symbols, or designs that are used in commerce. Intellectual property is more practical and contains confidential information that gives businesses an edge in the market, such as business processes.
The value of these assets can be intangible and not always identified or quantified, however it is certainly https://heraldinsurance.co.uk/the-new-standard-for-data-security-leveraging-virtual-data-rooms/ an essential asset to a business that needs to be protected. In the past, criminals would have needed to take a physical artifact like an outline or a client list to steal intellectual property. However, with the advent of digital technology cybercriminals can now easily and cost-effectively take these valuable assets.
Many of these thefts are caused by human error, like sending confidential documents to the wrong person or losing a device that contains sensitive information. Some are deliberate, and usually the motive is monetary. For instance, semiconductor makers can face significant fines for release of their IP to foreign countries without an export license that is deemed in place. A complete IP lifecycle solution, such as Helix IPLM, can help reduce these risks and prevent leakage of highly sensitive information.
