iPFrontline: A Majority of Corporate IP Is Not Protected from Cyber Breaches

Originally Published in iPFrontline | July 22, 2016

The results were reported as a part of the July 2016 Global Intellectual Property Management Data Survey, compiled by Consero Group

A surprising 63% of chief IP counsel do not believe their company’s intellectual property is protected adequately from cybersecurity threats and data breaches. This data was collected in a new survey by Consero Group, an international leader in creating high-level, invitation-only events for senior executives. Furthermore, one-third of respondents reported that their companies experienced a cybersecurity breach in the past year. The results were reported as a part of the July 2016 Global Intellectual Property Management Data Survey, compiled by Consero Group.

Additionally, 54% of respondents reported being involved in active patent infringement litigation, and 31% stated there was a high or very high likelihood that their company would file a claim in the next 12 months.

“The survey results reveal a high number of executives who lack confidence in their company’s cybersecurity, indicating a need for greater attention to this area,” said Paul Mandell, Founder & CEO of Consero. “These executives should work with other parts of the business to prioritize increased protection of their company’s intellectual property from potential breaches.”

Additional Findings Included:

  • APAC Named Top Geographic Region of Concern: Over half of the survey participants named Asia Pacific as the geographic region that posed the greatest IP threat to their business.
  • One-third of Chief IP Counsel Highly Involved in Cybersecurity: 34% of respondents stated they were either involved or very involved in their organization’s cybersecurity and data privacy matters.
  • Global IP Strategy and Cost Management Are Main Areas of Focus: Chief IP executives named global IP strategy and cost management as their top two areas of focus over the next 12 – 18 months.

Consero’s 2016 Global IP Management Data Survey was developed in connection with Consero’s annual invitation-only Forum for Chief Intellectual Property Counsel.