According to research, 31% of businesses have experienced intellectual property theft via cyber-attacks. This is a clear warning sign for businesses to take proactive steps to conduct IP investigations to protect themselves from malicious theft attempts.
Surprisingly, IP threats don't only come from outside, such as from competitors or counterfeiters, but insiders can also impose a considerable threat to your property. Therefore, a thorough investigation to identify internal and external risks is crucial.
Let’s explore how IP investigations are conducted and what benefits they bring to your business.
Intellectual property refers to intangible assets owned by individuals, businesses, or entities. Compared to other types of properties, IP is often more expensive, easy to steal, and distributed among the masses. These are also known as creations of the mind, such as:
● Designs
● Symbols
● Names
● Images
● Inventions
● Literary or artistic work
Intellectual property rights include various types of legal rights that protect the assets of intellects or minds. These rights provide the owner more control over their property, enabling them to decide how to reproduce or distribute their work further.
Here are a few types of IP rights that cater to different kinds of intellectual assets:
IP rights protection ensures multiple benefits; of which a few are mentioned below:
The need for an IP investigation often goes neglected until you estimate all the effort, time, money, and other resources that went into the development of your intellectual property.
Your IP, whether it falls into the category of trademark, copyright, trade secret, or patent, possesses a significant value potential and innovative identity, making it vulnerable to several infringements, thefts, and other violations.
Therefore, it is crucial to have IP experts and cybersecurity professionals who will help you detect, identify, and combat such infringements before they become serious legal issues.
Remember, if such a matter goes to court, it costs way more than you would invest in IP experts in the first place. That's why it is essential for you to take a proactive approach to IP investigations for your business.
Various techniques are used to conduct IP investigations depending on the nature of intellectual property, potential infringement risks and end goal of investigations.
IP due diligence and risk assessment involve evaluating your organisation as well as third parties such as suppliers and business partners' security practices and procedures. The partner and vendor assessment often includes the examination of contracts, agreements, and other crucial documentation to rule out any loopholes that could cause IP threats in the future.
Moreover, these assessments help pinpoint possible weaknesses in data security protocols and employee training. By doing so, these vulnerabilities can be overcome before they end up causing a severe threat to IP security.
Lastly, with risk assessment, you can also be notified whether, by any means, you are infringing on others' IP rights.
In order to detect IP infringement, IP investigators must have access to advanced techniques such as crowdsourcing, advanced statistical modelling and detailed sampling methodologies. Using these approaches, the investigators may provide businesses with an accurate assessment report regarding infringements.
The advanced statistical modelling analyses the vast data gathered from several market tests. Other than that, crowdsourcing methods also help collect data from diverse sources such as consumers, industry experts and other stakeholders. The collected information helps them understand the extent of infringement activities better.
This assessment serves as the foundation of further targeted investigation and remediation strategies.
Infringement channel mapping is essential to understand how the infringement happened in the first place. With channel mapping, you can respond effectively to the current infringement incident as well as be more proactive towards future occurrences.
Once a thorough IP investigation is conducted, the final step is to prepare a comprehensive report, including expert advice. This report not only provides an overview of the threats, vulnerabilities, and damages but also guides you on the most effective ways to protect your IP rights effectively.
Secure IP means safer business operations. Whether you suspect an IP theft or you are well aware of a violation, you can reach out to Cyberlutions® for your diverse IP rights protection needs. With over 40 years of experience in the cybersecurity field, our expert IP investigators ensure thorough protection of your assets.
From machine learning to cutting-edge digital forensic tools, we use advanced techniques to detect, evaluate, and combat numerous IP threats and infringements. Get in touch with us today and Book a Free Consultation to discuss how we can help you with a customised IP investigation.
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