The digital age has brought with it new challenges to the protection of a business’ intellectual property (IP) in the form of cyber threats, particularly from nation-state-backed hackers.
Recent warnings from the Five Eyes security alliance, which includes the UK, have highlighted the growing threat posed by China and other nations to intellectual property.
Five Eyes’ Principles for IP protection
Heads of cybersecurity from the Five Eyes nations, which comprise of the UK, US, Australia, Canada, and New Zealand, have launched five principles that businesses should embrace to protect themselves against threats to their IP.
While these guidelines are aimed at all nation-state-backed hackers, they are particularly relevant for countering threats from Chinese cybercriminals.
What you can do to protect your IP
Conduct regular risk assessments
Regularly evaluate the vulnerabilities in your digital infrastructure. Identify the types of IP you possess and assess the risks associated with each.
Implement strong cybersecurity measures
Use firewalls, encryption, and multi-factor authentication to protect your digital assets. Regularly update your security software to defend against new types of malware and hacking techniques.
Educate employees
Your employees are often the first line of defence against cyber threats. Educate them on the importance of cybersecurity and train them to recognise phishing attempts and other malicious activities.
Monitor and audit
Regularly monitor your digital platforms for any unusual activities. Use auditing tools to track changes and access to your IP.
Legal protections
Register your IP rights, such as patents, copyrights, and trademarks, to have legal recourse in case of theft. Contact our expert team of IP solicitors to ensure that you have all the necessary legal protections in place.
Beyond traditional espionage
It’s important to note that the efforts by nation-state-backed hackers go “well beyond traditional espionage,” as pointed out by Mike Burgess, Director General of the Australian Security Intelligence Organisation.
This means that businesses should be prepared for a wide range of cyber threats, not just hacking attempts but also seemingly innocuous corporate transactions that could be a front for IP theft.
The threat to intellectual property is more significant than ever, particularly from nation-state-backed hackers like those from China. A proactive approach to cybersecurity will help businesses significantly mitigate the risks to their IP.
If you have any IP related questions, our team are here to help. Contact us today for further guidance.