Intellectual Property Leakage
The repercussions of private Secure Document Sharing or IP leaks of data can have long-lasting effects on innovation in the business, financial stability, and competitive advantage. A solution to accurately detect and respond to these types of attacks is essential for all businesses to stay ahead of competitors, limit the impact on their bottom line, and regain their image after a damaging incident.
At a higher level intellectual property refers to human-made creations such as inventions works of art and literature or symbols, names or designs used in commerce. Intellectual property is more practical and includes confidential information that can give businesses a competitive edge like business processes.
These assets are often intangible, and their value is not always quantified or acknowledged. However, they are still important assets for a company which must be protected. In the past, criminals were required to steal physical items such as an outline or a client list to steal intellectual property. But with digitalization, cybercriminals are now able to easily and affordably take these valuable assets.
Human error is at the root of many of these thefts, such as sending confidential information to the wrong person or the loss of a device containing sensitive information. Some are intentional, and the motives are usually monetary. For example, semiconductor manufacturers could face significant fines if they release of their IP across borders without an export license deemed to be in place. The presence of a complete IP lifecycle management system in place like Helix IPLM, can help to mitigate these risks and prevent the leakage of this highly sensitive information.
