Intellectual Property Leakage
The consequences of private and IP leaks of data can have long-lasting consequences on business innovation, financial stability, and competitive advantage. Businesses of all sizes need an effective method to identify and react quickly to such attacks to stay ahead of rivals, minimize their impact on their bottom-line and restore their image following a devastating incident.
At a high level intellectual property is the human-made creations such as inventions literary and artistic works such as names, symbols, or designs that are used in commerce. Intellectual property is more practical and contains confidential information that gives Virtual Board Rooms businesses a competitive edge like business processes.
These assets are often intangible and their value is not always recognized or quantified. However they are nevertheless important assets for a business that must be secured. In the past, potential thieves had to take physical objects (say a blueprint or a client list) in order to take intellectual property, but with the advent of digital technology, it has become much cheaper and easier for cybercriminals to appropriate these valuable assets.
Human error is the reason behind the majority of these thefts, such as sending confidential information to the wrong person, or losing a device that contained sensitive information. But others are intentional, and often the motive is financial. For instance, semiconductor companies could face significant fines if they divulging their IP outside of the country without an export license that is deemed in place. A complete IP lifecycle management solution in place, such as Helix IPLM will help to reduce these risks and avoid the leakage and misuse of this sensitive information.