Intellectual is, for many companies, of the most precious assets and the thing that keeps their business going. Intellectual property ranges from business plans and trade secrets to creative work, patents, and software. One of the main problems when it comes to protecting intellectual property are insiders. In fact, according to one study, as many as 69% of organizations have suffered a loss of data or knowledge as a result of employee departure.
Intellectual property theft is something that can effect all kinds of companies, but the most commonly affected sectors are technology, banking, finance, and the chemical sector. Among the consequences of intellectual property theft are the loss of patents, giving an advantage to the competition, and damage to your company’s reputation. This is why protecting the cybersecurity of any company that handles large amounts of intellectual property is a vital necessity.
As In addition to these damages, intellectual property theft has a steep financial impact on companies. The average cost of intellectual property theft in a company is $13.5 million. What’s more, this property doesn’t just contain proprietary company data; it also very often contains the data of clients or partners. In this case, as well as the aforementioned consequences, the company may have to face fines established by data protection regulations such as the GDPR.
Case study: Valea AB
Valea helps clients to establish, defend and commercialize intangible assets to generate the best possible return and to make IP issues a natural part of the companies’ business strategy.
Situation
Valea’s knowledge is combined with a commercial understanding for the business value included in intangible assets for their customers and clients. Valea needs to proactively have a strong protection against hacking and other potential problems that could threaten the organization
Evaluation
In order to get the best possible cybersecurity solution, Valea began to evaluate the different options available on the market. When the company evaluated Panda Adaptive Defense, it proved to be the best complement to their current system, adding the additional layer of security that Valea needed.
Valea evaluated Adaptive Defense for around two months. In the words of Michael Nissmark, IT Manager at Valea, it went very well: “The implementation went very smoothly, complemented our other security solutions well and prevented attacks from the start of the evaluation period.”
Solution
Today, Panda Adaptive Defense monitors and controls all the files and processes running in Valea in real time. It protects the organization against all kinds of advanced cybersthreats, from ransomware and fileless attacks to zero-day attacks and Trojans. It provides complete visibility of all network activity, as well as the ability to perform forensic analysis to discover the origin of incidents.
Panda Adaptive Defense is hugely beneficial for Valea, and fits in perfectly with the company’s security environment. Jan Edeberg at Panda Security explains that, “Panda Adaptive Defense provides a great Managed Security Service which guarantees protection for all machines by monitoring and controlling the behaviour of every process running on your network in real time”.
Valea concludes that, today, there is no competing Cloud solution. With Adaptive Defense, the company’s clients can now be offered a competitive advantage regarding security.
Panda Security specializes in the development of endpoint security products and is part of the WatchGuard portfolio of IT security solutions. Initially focused on the development of antivirus software, the company has since expanded its line of business to advanced cyber-security services with technology for preventing cyber-crime.
