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Increase of IP Cyberthefts on the Horizon, and Many Unprepared
Though cybertheft of intellectual property is predicted to dramatically increase over the next 12 months, a significant portion of companies has yet to fully secure their IP assets, according to a survey released by Deloitte Cyber Risk Services. The findings come from a survey of just under 3,000 professionals from organizations across multiple industries, including finance, insurance, hospitality and retail.
In a sign of growing anxiety, over half (58%) of respondents surveyed said they believe that IP cyberthefts will increase over the next year, while 4% expect a decrease in such thefts, and 12% do not expect to see any change at all.
The survey also found that around half of all respondent's organizations were not prepared for an IP cybertheft, with 12% lacking the infrastructure and technology to secure their IP and 36% currently working toward improving IP handling process and systems. Only around 17% of organizations had security measures in place to protect, and restrict access to, their IP.
In addition, respondents cited employees and company insiders as the most likely group to cause an IP cybertheft, followed by competitors, party vendors, activist groups, and nation-state actors.
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