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Cyberattackers and your intellectual property: Valuing and guarding prized business assets

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The number of intellectual property (IP) cyber theft incidents in the next 12 months is expected to increase by 58 percent, according to respondents to a recent Deloitte poll. When asked which category of potential adversary they believe is most likely to attempt theft of their organization’s IP, the prevailing percentage of respondents (20.1 percent) answered “employees or other insiders.” Yet, only 16.7 percent of respondents said access to IP is very limited, on a need-to-know basis only.
Nearly 3,000 professionals participated in the Deloitte Dbriefs webcast, “Cyberattackers and your intellectual property: Valuing and guarding prized business assets,” on September 28, 2016.
http://www2.deloitte.com/us/en/pages/about-deloitte/articles/press-releases/intellectual-property-expected-to-rise-deloitte-poll.html?id=us:2sm:3ss:cyberip:awa:adv:102516

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Cyberattackers and your intellectual property: Valuing and guarding prized business assets

  1. 1. Cyberattackers and your intellectual property: Valuing and guarding prized business assets Deloitte Poll, results from September 28, 2016
  2. 2. Copyright © 2016 Deloitte Development LLC. All rights reserved. 2 Methodology Nearly 3,000professionals participated in a Deloitte Dbriefs webcast, “Cyberattackers and your intellectual property: Valuing and guarding prized business assets,” on September 28, 2016. Poll respondents were from sectors including banking and securities (13.5 percent); technology (8.4 percent); investment management (6.1 percent); travel, hospitality and services (5.4 percent); insurance (5.1 percent) and retail, wholesale and distribution (5.0 percent). To replay the Deloitte Dbriefs webcast, visit the archive online.
  3. 3. Copyright © 2016 Deloitte Development LLC. All rights reserved. 3 Has your organization suffered an intellectual property cyber- theft incident (electronic theft of trade secrets, drawings and plans, or proprietary know-how) within the past 12 months? Votes received: 2,894 11.4% Not applicable Yes 12% 44%No Don’t Know 32.6%
  4. 4. Copyright © 2016 Deloitte Development LLC. All rights reserved. 4 Votes received: 2,926 Which category of potential adversary do you think would be most likely to attempt theft of your organization’s IP? 29.7% Don’t know/not applicable Third parties with which your organization engages regularly 11.7% Employees or other "insiders" 20.1% Nation-states10.1% Activist groups not sponsored by nation-states 12% Competitors16.3%
  5. 5. Copyright © 2016 Deloitte Development LLC. All rights reserved. 5 Which category of potential adversary do you think would be most likely to attempt theft of your organization’s IP? (Industry cut) Votes received: 2,926 26.2% Real Estate Services 32.2% Automotive 27.2% Oil & Gas Percentage of “Employees or other ‘insiders’” responses by industry
  6. 6. Copyright © 2016 Deloitte Development LLC. All rights reserved. 6 Do you expect the number of IP cyber theft incidents (successful or attempted cyber theft of trade secrets, drawings and plans, or proprietary know-how) to change in the coming 12 months? Votes Received: 2,918 10.3% Don’t know/not applicable I don’t know 15.7% Yes — I expect the number will increase 58% Yes — I expect the number will decrease 4.2% No — I do not expect it to change 11.9% 58% 11.9% 4.2%
  7. 7. Copyright © 2016 Deloitte Development LLC. All rights reserved. 7 Votes Received: 2,918 Do you expect the number of IP cyber theft incidents (successful or attempted cyber theft of trade secrets, drawings and plans, or proprietary know-how) to change in the coming 12 months? (Industry cut) 68.8% Power & Utilities 63.9% Automotive 64.7% Industrial Products & Services 68.8% Telecom Percentage of “Yes — I expect the number will increase” responses by industry
  8. 8. Copyright © 2016 Deloitte Development LLC. All rights reserved. 8 If your organization was to suffer theft of IP (trade secrets, drawings and plans, or proprietary know-how), which do you think would be the largest challenges? Votes Received: 2,757 27.3% Don’t know/not applicable 21.8% 12.4% 10.7% 22.3%5.5% Assessing what IP had been stolen, or the impact of IP loss Modification of existing IP to minimize loss of competitive advantage Preparing for litigation as a result of IP theft Managing investor and customer/client relationships Seeking recovery of the IP as soon as possible
  9. 9. Copyright © 2016 Deloitte Development LLC. All rights reserved. 9 12.1% Lacking — we do not have a defined program to protect and monitor access to IP How would you describe your organization’s current effort to secure its IP (whether trade secrets, drawings and plans, or proprietary know-how)? Votes Received: 2,562 35.1% Don’t know/not applicable 16.7% Leading — access to IP is very limited, on a need-to- know basis only 36.1% Building — we're working to strengthen our security protocols and systems around IP
  10. 10. Copyright © 2016 Deloitte Development LLC. All rights reserved. 10 Lauren Hallman Public Relations Deloitte Services LP lahallman@deloitte.com Full press release available on Deloitte.com Media contact
  11. 11. The statements in this report reflect the aggregation of poll responses and are not intended to reflect facts or opinions of any entities. All data, charts and statistics referenced and presented, as well as the representations made and opinions expressed, unless specifically described otherwise, pertain only to the participants and their responses to the Deloitte poll. The information obtained during the poll was taken “as is” and was not validated or confirmed by Deloitte. This presentation contains general information only and Deloitte is not, by means of this presentation, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This presentation is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte shall not be responsible for any loss sustained by any person who relies on this presentation. As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting. Copyright © 2016 Deloitte Development LLC. All rights reserved.

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