Intellectual property includes intangible assets such as financial data, research reports, creative designs, software code, and semiconductor IP that give organizations a competitive advantage. IP theft occurs when these creative ideas or proprietary materials are stolen, copied, or taken without authorization, often by employees, contractors, or external attackers. As digital information spreads more easily across devices and networks, organizations face increasing risks of losing valuable IP, making strong data protection and access controls essential to safeguard innovation and maintain market leadership.

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