US knowledge assets ‘at risk’, says report
US businesses and organisations believe they are at put at risk from data theft, including theft of trade secrets, a report has shown.
Law firm Kilpatrick Townsend & Stockton and independent research company the Ponemon Institute released a report on July 20 which studied how organisations are protecting confidential information.
The report, called " The cybersecurity risk to knowledge assets", saw more than 600 individuals, including company workers in the retail and communications industries, surveyed.
Of those, 44% of respondents said trade secrets were the most difficult form of knowledge asset to protect.
Under half of respondents (45%) said they were confident their trade secrets were protected.
Furthermore, 74% of respondents said it is likely that their company failed to detect a data breach involving the loss or theft of knowledge assets, and 60% said it’s likely that one or more pieces of their company’s knowledge assets were now in the hands of a competitor.
Jon Neiditz, co-leader at the firm’s cybersecurity, privacy & data governance practice, said: “We have often seen companies identify their most essential knowledge assets, and then face the fact that—until that moment—they have provided no special cyber or any other protection for those assets commensurate with their importance.”
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