One-quarter of Fortune 500 companies do not have specific policies in place on how to protect intellectual property from cyber attacks, according to a new study. Furthermore, one-third of the 500 have no policies on how to protect personal identifying information. This is ironic, given that cyber breaches topped the list of things that publically-traded companies’ executives worry about, according to another study.
Read Entire Article
Despite increasing threats to companies’ intellectual capital posed by cybercriminals, 128 Fortune 500 companies don’t have specific policies on protecting either intellectual property or trade secrets, according to analysis of publicly available codes of conduct.
Electronic security breaches were the top concern for executives at public companies last year, according to the 2012 Chubb Public Company Risk Survey. Indeed, since 2008, 681 million records were affected by hacking and there has been a 40% increase in the number of publicly disclosed data breaches the last two years, according to a study by KPMG.