The Enemy Within
02 May 2013
The greatest threat to the chemical industry’s corporate IP security comes from within. Sam Olsen explains how your existing security may not be enough to stop the theft of your intellectual property.
Data to Make You Wince
IP theft and loss of trade secrets can cost a company millions of dollars in lost revenue or market share, and sometimes damage its competitive advantage.
• Misappropriation of trade secrets in China cost the US IP-intensive economy US$1.1 billion in 2009 (ITC)
• US$362,269 is the average cost incurred by companies per incident in which a supply chain or business partner exploits its access to data (Forrester Consulting)
• US$100 million in economic loss was suffered by an American manufacturer that partnered with an international manufacturer that then used the guise of a JV to steal engineering know-how and proprietary manufacturing production equipment (Manufacturing & Technology News website, April 15 2011).
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