Tradesecret/ Intellectual Property Theft
Every year, intellectual property theft increases. The processes that corporations must now employ in order to protect their valued intellectual property are constantly evolving as cyber incidents and cyber criminals become more sophisticated and begin targeting more lucrative data-driven assets. In 2011, on average data breaches cost companies and their insurers $1.2 million.
While mainstream data protection measures such as passwords, file encryption, firewalls, anti-virus applications and intrusion prevention programs provide corporations with some security as to their intellectual property's "wherabouts", the reality is that most companies would be severely affected, both financially and public relations, by a trade secret/intellectual property theft.