gst-shutterstock-com-3
22 July 2016Copyright

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.”

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Copyright
1 August 2016   Warner Bros has accused social news networking site Reddit of infringing copyright via a forum dedicated to helping internet users access pirated movies and TV programmes.