June 24, 2021

Volume XI, Number 175

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The Cost of Intellectual Property Theft

Intellectual property is the lifeblood of any organization. It is what distinguishes one company from another and is the main reason customers buy the products and services that they do. This is why IP theft is so important and can have such an impact on individual businesses and the economy as a whole. In fact, reportedly, IP theft costs the U.S. economy more than $300 billion every year. The infographic below, created by software provider i-Sight, takes an interesting look at the scope of the problem and the efforts to prevent it.

For more on the topic, be sure to check out our special section on IP risks in the latest issue o fRisk Management magazine.

Risk Management Magazine and Risk Management Monitor. Copyright 2021 Risk and Insurance Management Society, Inc. All rights reserved.National Law Review, Volume III, Number 294
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About this Author

Editor in Chief

Morgan O’Rourke is the director of publications for the Risk and Insurance Management Society, Inc. (RIMS) and the editor in chief of Risk Management magazine and the Risk Management Monitor blog.

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