Protecting Intellectual Property in a new paradigm
Competitive advantage for most companies is created by having differentiated capabilities or processes that are not easy for their competition to copy. As companies rely more on remote employees, contractors and complex supply chains, their “know how” and intellectual property becomes more distributed. It is increasingly harder to keep a “secret.” Corporate espionage according to Verizon’s 2019 report was only to be outpaced by financially motivated insider threats. Apparently, it is extremely lucrative for a variety of reasons to steal Intellectual Property (IP). While we all use the term frequently in security, it is becoming increasingly important to understand the types of IP, the value it has to the organization and what it takes to protect it.