Intellectual property (IP) is considered highly desirable for sophisticated cyber criminals. While hacks targeting credit card information, consumer health information and other personally identifiable information (PII) will tend to attract the most media attention, (regulations require that PII compromises be reported), IP theft is emerging as a cause for concern in corporate boardrooms.
IP can be any type of financial, business, scientific, technical, customer or engineering information that is deemed proprietary.
Many organisations fail to understand the value of their IP and how much of their company’s overall value derives from it. The two forms of IP most frequently involved in cyber crime are copyrighted materials and trade secrets.