Intellectual Property Leaks

The long-term impact of leaking private or IP data can affect business innovation as well as financial stability and competitive advantage. The ability to accurately detect and respond to these types of attacks is essential for companies of all sizes to stay ahead of the competitors, reduce the impact on their bottom line and restore their image following an incident that has damaged their reputation.

Intellectual property is broad term that refers to minds of humans, such as inventions, literary and artistic works. It also encompasses designs, names, or symbols used in commerce. On the more practical level intellectual property encompasses confidential information that gives companies an advantage in competitive markets such as computer programs, business processes, manufacturing methodologies and client lists.

These assets are typically intangible and their value is not always quantified or acknowledged. However they are still vital assets for a company that must be safeguarded. In the past, would-be thieves had to take an item of physical value (say blueprints or a client list) to take intellectual property, but due to the digital revolution, it has become much easier and more cost-effective for cybercriminals in stealing these valuable assets.

Human error is the reason behind many of these crimes, such as sending confidential documents to the wrong person or the loss of a device containing sensitive information. Some are intentional and the motive is typically money-related. For instance, semiconductor makers are subject to significant fines for divulging their IP to foreign countries without an export license deemed to be in place. A complete IP lifecycle solution, like Helix IPLM, can reduce these risks and stop leakage of sensitive information.

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