Intellectual Property Leakage
The consequences of private and IP leaks can have long-lasting effects on business innovation as well as financial stability and competitive advantage. A solution to quickly detect and respond to these kinds of attacks is crucial for businesses of all sizes to stay ahead of the competitors, limit the impact on their bottom line, and restore their image following an incident that was damaging.
At a high level, intellectual property refers to human-made creations like inventions, literary and artistic works and names, symbols, or designs that are used in commerce. Intellectual property is more practical and includes confidential information that gives businesses an edge in competition including business processes.
The value of these assets can be intangible, and therefore not always recognized or quantified, but it is certainly an essential asset for a company that needs to be protected. In the past, thieves would have needed to steal a physical artifact, such as a client list or blueprint for theft of intellectual property. With the advent of digital technology, cybercriminals are now able to easily and cheaply take these valuable assets.
Most of these thefts are caused by human error, like sending confidential documents to the wrong person, or losing a device containing sensitive information. Some are deliberate, and usually the motive is monetary. Semiconductor companies, for instance could face severe penalties if they divulge their IP outside of the country without a deemed export license. A complete IP lifecycle solution such as Helix IPLM, can help reduce these risks and prevent leakage of highly sensitive information.
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