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Cybersecurity Patent Licensing and Transactions Technology Media and Telecom

Protecting Innovation in the Cyber World from Patent Trolls

With trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or “patent trolls”), companies that don’t make any products but instead seek royalties by asserting their patents against those who do make products.

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Cybersecurity firms have a tremendous responsibility. They work 24/7 to protect many of the world’s most trusted and valued companies and brands. Their clients rely on their expertise to protect crucial assets, and consumers trust that they are keeping client information safe and secure. At the same time, cybercrime is still a very real threat. In fact, “Cybersecurity Ventures predicts that cybercrime will cost the world $6 trillion annually by 2021, up from $3 trillion in 2015.” (Cybercrime Magazine, Dec. 18, 2019).

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