KPMG has published a report in collaboration with Lloyd’s that highlights the new threats to intellectual property (IP) portfolios posed by a changing risk landscape under COVID-19.
The report, called “Safeguarding Intellectual Property to Enhance Corporate Value”, examines the increasing importance of intellectual property as a driver of corporate value, drawing attention to the risks and opportunities facing businesses.
It notes that many corporate leaders apparently aren’t aware of the value of their IP and are not involved in the risk planning around it. This could potentially leave valuable businesses exposed to risks threatening their intellectual capital, whilst also failing to maximise on their IP portfolios.
Businesses are working on fully digitising their processes and deploying a remote workforce in response to the pandemic, however by doing this they are exposing their IP to a range of new risks.
In particular, the report identifies risks that come from rising cyber security threats. With many most vulnerable in the development phases of IP, remote working makes it more difficult for organisations to protect confidential information from cyber criminals.
The…
