Intellectual Property Leaks
The long-term effects of leaks of private or IP information can negatively impact the development of business, financial stability and competitive advantage. A solution to accurately 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 improve their standing after a damaging incident.
At a high level intellectual property is the human brain-generated creations such as inventions, artistic and literary works and names, symbols, or designs that are used in commerce. Intellectual property is more practical and contains private information that gives businesses an edge in the market in business processes, for example.
The value of these assets can be intangible and is not always recognized or quantified, but it is certainly an important asset to a company that needs to be protected. In the past, criminals would have needed to take physical items like a blueprint or client list in order to steal intellectual property. With the advent of digital technology, cybercriminals are now able to easily and cost-effectively take these valuable assets.
A lot of these thefts are due to human error, for instance, sending a confidential document to the wrong person or losing a device with sensitive information. But some are deliberate and the reason is usually financial. Manufacturers of semiconductors, for example, can face heavy penalties if they divulge their IP outside of the country without a deemed export license. A complete IP lifecycle solution like Helix IPLM, can reduce these risks and prevent leakage of sensitive information.
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