![]() ![]() IP theft may result in significant losses for organizations and can add up to substantial sums at a country-wide level. The impact of intellectual property theft on businesses includes loss of a competitive edge, reputational damage, a slowdown in business growth, and loss of customer trust. Intellectual property theft is the act of robbing people or organizations of their ideas, inventions, creative products, and other types of IP. User Activity Monitoring What is intellectual property theft? Let’s learn more about IP theft, its risks, and its consequences. If unauthorized parties or malicious employees gain access to IP-related data, they can steal ideas and introduce original products to the market faster and cheaper than the legal owner of the IP. If you allow competitors to leverage ideas and creations suspiciously similar to your own, your business can lose its competitive advantage and revenue streams along with seeing a drop in its market valuation. Protecting your intellectual property rights is essential. ![]() IPRs enable creators to earn recognition and benefit from their products as well as to profit when others use their creations and inventions. To claim the ownership of IP, individuals and businesses establish intellectual property rights (IPRs) through copyrights, patents, trademarks, and trade secrets. The concept of intellectual property helps stimulate innovation and contributes to progress in economics, technology, science, art, and other fields.ĭefinition of intellectual property by Gartner The legal right to claim ideas and creations as intellectual property helps IP owners benefit from their work, protect it, and prevent copying. ![]() ![]() Both individuals and businesses can be IP owners. Intellectual property (IP) is a category of property that refers to creations of the mind: artistic works, designs, images, videos, symbols, and names. Why intellectual property matters and how to protect it We also offer seven best practices to help you secure your corporate ideas and creations from malicious actors. In this article, we dig into the importance of intellectual property protection and explore possible scenarios of intellectual property theft. Establishing basic security policies and procedures to protect sensitive data is crucial if you want to continue to benefit from your intellectual property. But as market competition grows, the risks of intellectual property (IP) theft and leaks also grow. Original ideas, developments, and trade secrets help businesses increase their value and stand out among competitors. Learn More Learn MoreĪssist your customers in building secure and reliable IT infrastructures Become a Partner Become a Partner Get in Touch Get in Touchĭownload “How to build Insider Threat Program in 10 Steps” white paper and enhance your insider risk management strategy through concrete actions. Competitor Comparison: Detailed Feature-to-feature, Deployment, and Pricing ComparisonĬontact us to learn more about how Ekran System can ensure your data protection against insider threats.Take a quick look at the new functionality Learn More Learn More ![]()
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