Intellectual property (IP) is intangible property owned by an organization. It includes financial data, market research reports, creative designs, etc., and gives an organization a competitive edge. Every organization has its own set of Intellectual Property like product designs, recipes, formulas, financial data, customer information, and so on.
Losing such priceless information to bad actors like hackers or malicious insiders can have disastrous effects on an organization, both short-term and long-term. The most immediate outcome includes loss of competitive edge and additional expenses of attorney fees and cybersecurity up-gradation. However, this is only the tip of the iceberg. Long-term effects – intangible yet hard-hitting – include loss of customer trust and valuable intelligence gathered over years of hard work.
Download this infographic to learn more about:
- Importance of IP in an organization
- The various ways IP gets stolen from an organization
- Effects of IP theft on an organization
- How Data-centric security helps mitigate IP theft