In the wake of the massive Solarwinds attack affecting major government institutions and public/private companies, the importance of securing your company’s Intellectual Property (IP) has never been more critical.

Companies should be worried that their valuable data, trade secrets, and IP are being stolen by cyber thieves, foreign hackers, and company insiders (current or former employees, partners, trusted customers, distributors, or vendors).  Stolen IP poses a significant threat to a company’s competitive advantage.  A bio-pharmaceutical company, for example, generates a ton of research/clinical data and manufacturing processes that are stored on premise and increasingly on the cloud.

Companies should protect their data.  They should learn the best practices in implementing operational and cyber security measures, instituting policies and processes, and educating end users. They should continually tweak and and re-evaluate their security practices.  They should deploy technologies that are effective in securing their data.

Attacks will only get more sophisticated and their frequency will only increase in the future. It’s better to be prepared than caught off guard.