Security News > 2023 > February > Foiling intellectual property theft in a digital-first world

As part of this, he listed a series of key questions that every organization should ask itself to properly understand the risks faced.

Does the organization know what its "Crown jewels" are? Does the organization have a thoughtful security culture at all levels, or does everyone leave it to a security department that's off to one side, only to be contacted in an emergency? Has the organization put the right controls in place to assess the risks attached to its funding sources and partnerships, and to protect its supply chain? Does the organization have a strategic approach to managing the risks and have those risks been discussed at board level?

Addressing these questions can serve as a best-practice roadmap for organizations aiming to manage risk effectively.

Different iterations of names, changes in address, or multiple phone numbers can harm IP theft investigations, which is why it's vital that organizations can understand and trust their data.

Every year, IP theft costs organizations around the world hundreds of billions of dollars in lost revenues.

Using advanced analytics as part of any risk mitigation strategy saves hundreds of hours of manual risk analysis, enabling leaders to make truly informed business decisions at the outset of any new relationship, when it matters most.

News URL

https://www.helpnetsecurity.com/2023/02/27/foiling-intellectual-property-theft-digital-first-world/