Companies losing Intellectual Property to Security Breaches
According to a survey of businesses IT managers worldwide, 21% of manufacturers suffered a loss of intellectual property (IP) within the past year.
According to a survey of businesses IT managers worldwide, 21% of manufacturers suffered a loss of intellectual property (IP) within the past year. Malware was the most common cause of data loss incidents for manufactures, although other types of cyber-incidents – including software vulnerabilities, theft of mobile devices, network intrusion, etc. – were also cited as sources IP leakage.
In a highly competitive global economy, businesses rise to leadership or sink into bankruptcy on very slim profit margins. Most often, a business’s most decisive advantage comes in the form of Research & Development insight or a proprietary high-tech solution which, in the case of manufacturers, can help businesses produce items more efficiently than their competitors. If a competitor is able to obtain this insight, especially without incurring the initial R&D costs, then that competitor now has a significant business advantage.