DURBAN - World Intellectual Property Day (26 April) raises awareness on how intellectual property (IP) impacts daily life.
But while much attention is placed around the legal aspects, companies and individuals need to consider the security ramifications as well.
"Intellectual property runs the gamut of trade secrets, trademarks, copyrights, and patents. Protecting these in an ultra-competitive digital world should be an imperative irrespective of if you are a multinational organisation or a start-up just getting off the ground," said Riaan Badenhorst the General Manager of Kaspersky Lab Africa.
And while this is not limited to any specific industry sector, the importance of manufacturing in Africa puts the pressure on businesses to ensure their secrets are safe from malicious users.
"Research shows that 21 percent of manufacturers globally have suffered a loss of IP to security breaches. Malware was the most common cause of data loss, but theft of mobile devicesand software vulnerabilities that were exploited contributed to this as well," said Bethwel Opil, Enterprise Sales Manager of Kaspersky Lab Africa in Kenya.