Intellectual Property Leakage

The consequences of private and IP leaks of data can have long-lasting consequences on innovation in the business, financial stability, and competitive advantage. A solution to accurately detect and respond to these kinds of attacks is crucial for all businesses to stay ahead of the competitors, limit the impact on their bottom line, and restore their image following an incident that was damaging.

Intellectual property is a broad term referring to the human minds, such as inventions, artistic and literary works. It also encompasses names, symbols or designs used for commerce. Intellectual property is more practical and includes confidential information that provides businesses with an edge in competition including business processes.

These assets are typically intangible and https://vdrservices.blog/a-complete-overview-of-nasdaq-s-board-meeting-software/ their value isn’t always recognized or quantified. However, they are still important assets for a business that must be secured. In the past, would-be thieves needed to grab an object (say blueprints or a client list) in order to steal intellectual property. However, with the advent of digital technology it is now easier and more cost-effective for cybercriminals to steal these valuable assets.

A majority of these thefts occur caused by human error, such as sending a confidential document to the wrong person or the loss of a device that contained sensitive information. Some are intentional and the motive is typically monetary. For instance, semiconductor producers could face significant fines if they releasing their IP outside of the country without an export license that is deemed in place. The presence of a complete IP lifecycle management solution in place, such as Helix IPLM, can help to mitigate the risk and stop the leakage of this sensitive information.