Understand what IP risk is, common threats, and how to protect intellectual property through effective risk management strategies and legal solutions. 5 min read updated on November 15, 2024 Key Takeaways: Intellectual property (IP) risks involve potential threats to a company or individual's IP...
What Does Intellectual Property Mean? Intellectual property (IP) is something of value (an asset) that is created from an original idea. Advertisements This includes creations of the mind such as software code, musical, literary, and artistic works; inventions; and symbols, names, images, and...
Trade secret theft is the unauthorized use, disclosure, or acquisition of confidential business information that drives a company’s competitive advantage. This type of intellectual property theft includes stealing information like product development and manufacturing processes, research protocols, customer li...
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Legal risk:These are risks that expose you to litigation. It could be frombreach of contract, infringing on intellectual property, failing to include key legal clauses, or missing compliance and regulatory requirements. Security risks:This can happen when contract data is accessed or disclosed to ...
What Is Intellectual Property Theft? Intellectual property theft is a white-collar crime that robs people or companies of their ideas, inventions, and creative expressions, known as intellectual property, and may include trade secrets and proprietary products or movies, music, and software. ...
I think we ended up paying like $30,000 in that three months, which was quite a bit for a project at the time, which is $10,000 a month. Felix: Wow, yeah. That’s definitely a big risk. But like you were saying, because you had that community that you built already, and you...
“As gen AI advances, regulators—and risk functions—rush to keep pace,” December 21, 2023, Andreas Kremer, Angela Luget, Daniel Mikkelsen, Henning Soller, Malin Strandell-Jansson, and Sheila Zingg “What is generative AI?,” January 19, 2023 “Tech highlights from 2022—in eight charts,...
safeguard sensitive information -- such as customer and employee data and its own trade secrets and intellectual property (IP) -- is vulnerable to negative consequences as well. These can include the loss of trust and reputation, financial loss and penalties for noncompliance with laws and ...
Information security protects sensitive information from unauthorized activities, including inspection, modification, recording, and any disruption or destruction. The goal is to ensure the safety and privacy of critical data such as customer account details, financial data or intellectual property. ...