CYB210_Week 6 Discussion Intellectual Property Theft_post6

Summary

Intellectual theft is stealing a copy or document written by someone

else. Also, intellectual property is something created or written by a

person with economic value. UpCounsel defines IP as "Intellectual

property is any creative or commercial innovation, any new method

that has economic value, or any distinctive mark which might include a

name, symbol, or logo that's used in commercial practices (UpCounsel

2020)." Intellectual property theft faces various problems because the

property is too exposed to the public. As compared to the protection

know who is the person who committed the act, and also because the

United States laws are new, and finding a law that would prosecute the

offender is difficult "Prosecuting this type of crime is difficult for U.S.

law enforcement not only because the perpetrators are hard to

identify, but also because the laws are so new."

Discussion

Many companies face the issue of IP theft and Padget Beals is not

exempt from the problem. For this reason, the customary processes

and procedures used to discourage or make it difficult for employees,

managers, and executives to inadvertently misuse and steal the

routine, legitimate activities (Matt Miller 2016)." Padget Beals must

protect its intellectual property by limiting its employees, managers,

and those who do not have access to certain information. The

implementation of the least privilege strategy is very important for the

protection of the company's intellectual property. The least privilege

strategies are implemented by performing a privilege audit, removing

admin rights on endpoints, removing all root and admin access rights to

servers and reducing every user to a standard user, Segment systems

and networks, and enforcing separation of privilege just to name few.

Another way that Padget Beals should protect its IP from being stolen

employees from stealing the IP of the company.

Lastly, new employees must do a full background check before they

are brought into the company. This will provide information on if the

individual has declared bankruptcy, has existing liens, or other

judgments that the organization should be made aware of. Also,

employees must be informed that their daily work on the company's

computer is monitored. If Padget Beals put such a policy, it would

discourage its employees from stealing intellectual property. The

author of the article how to confront intellectual property theft by

employees said "I advise that from day one, employees are informed

of these assets must be the point of interest. Padget Beals must take

into consideration the following tips on how to protect IP. These types

include; Setting up Information security benchmarks and policies, the

company must stay informed about crucial data, the priority must be

cybersecurity, the use of dedicated tools to safeguard intellectual

property, and proper authentication.

Conclusion

Intellectual property theft faces a number of problems but it does not

exclude the availability of means to prevent and protect it. The

recommendations to protect IP are important for Padget Beals

c c c c c c c c c c c c c Reference.

http://Important Security Tips to Prevent Intellectual Property Theft

https://www.uspto.gov/sites/default/files/documents/UK-SME-IP-

Toolkit_FINAL.pdf