Intellectual Property Leakage
The long-term consequences of leaks of private or IP information can impact business innovation, financial stability and competitive advantage. The ability to quickly detect and respond to these types of attacks is essential for companies of all sizes to stay ahead of the competitors, limit the impact on their bottom line, and restore their reputation after an unfortunate incident.
At a high level intellectual property is a term used to describe ideas of the human mind such as inventions literary and artistic works such as names, symbols, or designs that are used in commerce. On an even more practical scale, intellectual property encompasses confidential information that gives companies an advantage in competitive markets such as computer programs, business processes manufacturing techniques, and client lists.
The value of these assets may be intangible and not always measured or recognized, but it is definitely an important asset to a business that needs to be protected. In the past, criminals were required to steal physical objects, such as the blueprint or client list, to steal intellectual property. But with digitalization, cybercriminals can now easily and affordably steal these valuable assets.
Many of these thefts are caused by human error, like sending confidential documents to the wrong person, or the loss of a device that contained What Experts Say About the iBabs Board Portal sensitive information. Some are intentional and the motive is usually money-related. For example, semiconductor manufacturers are subject to significant fines for releasing their IP to foreign countries without a deemed export license in place. A complete IP lifecycle solution, such as Helix IPLM, can help reduce these risks, and also stop leakage of sensitive information.
