Browse Definitions :
Definition

intellectual property (IP)

Intellectual property (IP) is a term for any intangible asset -- something proprietary that doesn't exist as a physical object but has value. Examples of intellectual property include designs, concepts, software, inventions, trade secrets, formulas and brand names, as well as works of art. Intellectual property can be protected by copyright, trademark, patent or other legal measure.

Although most large corporations protect themselves from industrial espionage, theft of intellectual property is most often a result of insider threat. In a study conducted by Peter Toren, out of 120 prosecutions for theft of trade secrets, more than 90 percent of the defendants were insiders who had access to the trade secrets because they were employees of the victim or worked for a vendor or contractor of the victim.

Torens offers the following best practices for protecting your organization’s intellectual property:

  • Have employees and vendors sign a code of conduct and confidentiality and non-disclosure agreements (NDA) before beginning work. 
  • Compartmentalize electronically stored confidential information and make it accessible only on a need-to-know basis. 
  • Immediately revoke a departing employee’s ability to access any proprietary information.
  • Conduct exit interviews with employees and require them to attest that they are not taking any confidential or proprietary information to a new employer. 
  • If suspicious activity on the part of a departing employee is uncovered, consider conducting a full-scale investigation of the former employee’s recent conduct.

 

This was last updated in June 2016

Continue Reading About intellectual property (IP)

SearchNetworking
SearchSecurity
  • man in the browser (MitB)

    Man in the browser (MitB) is a security attack where the perpetrator installs a Trojan horse on the victim's computer that is ...

  • Patch Tuesday

    Patch Tuesday is the unofficial name of Microsoft's monthly scheduled release of security fixes for the Windows operating system ...

  • parameter tampering

    Parameter tampering is a type of web-based cyber attack in which certain parameters in a URL are changed without a user's ...

SearchCIO
  • e-business (electronic business)

    E-business (electronic business) is the conduct of business processes on the internet.

  • business resilience

    Business resilience is the ability an organization has to quickly adapt to disruptions while maintaining continuous business ...

  • chief procurement officer (CPO)

    The chief procurement officer, or CPO, leads an organization's procurement department and oversees the acquisitions of goods and ...

SearchHRSoftware
SearchCustomerExperience
  • clickstream data (clickstream analytics)

    Clickstream data and clickstream analytics are the processes involved in collecting, analyzing and reporting aggregate data about...

  • neuromarketing

    Neuromarketing is the study of how people's brains respond to advertising and other brand-related messages by scientifically ...

  • contextual marketing

    Contextual marketing is an online marketing strategy model in which people are served with targeted advertising based on their ...

Close