Intellectual Property Leakage

The repercussions of private or IP data leakage could have a long-lasting impact on innovation in the business, financial stability, and competitive advantage. A solution to quickly detect and respond to these types of attacks is essential for businesses of all sizes to stay ahead of the competitors, limit the impact on their bottom line and restore their reputation after an incident that was damaging.

At a higher level intellectual property is a term used to describe human-made creations https://boardroomate.com/how-to-set-up-your-data-room-for-due-diligence-in-one-minute/ such as inventions, works of art and literature, symbols, names, or designs that are used in commerce. However, at an even more practical scale, intellectual property includes confidential information that gives companies an advantage in the market, like business processes, computer programs manufacturing methods, and client lists.

These assets are often intangible and their value is not always quantified or recognized. However they are still vital assets for businesses which must be protected. In the past, would-be thieves needed to pinch a physical artifact (say an outline or a client list) in order to steal intellectual property, however with digitalization, it has become much easier and more cost-effective for cybercriminals and hackers to take over these valuable assets.

Human error is responsible for some of these thefts such as sending confidential information to the wrong person, or the loss of a device containing sensitive information. But some are deliberate and often the motive is money. For example, semiconductor manufacturers are subject to 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 reduce these risks and prevent leakage of sensitive information.