Intellectual property theft occurs when creative designs, engineering plans, sales information, customer IP, or pharmaceutical patents are stolen or exposed. Storing such assets in unsecured locations, cloud folders, or email significantly increases the risk of external leaks that can harm an organization. Many American CFOs believe their companies have been victims of IP theft, which costs the U.S. an estimated $225 to $600 billion annually. As IP represents a major share of corporate value, protecting it is essential to preventing financial loss and safeguarding competitive advantage.

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