Intellectual Property and Data Governance Risk for Businesses

Intellectual property (IP) is one of the most valuable assets of any company, especially in the life sciences and financial industries, where innovation and competition are high. IP can include inventions, discoveries, designs, names, software, data and more, that are created or used by a company in its business activities. Unprotected IP becomes a data governance risk for businesses. 

Therefore it is vital to protect your IP from unauthorized use, disclosure or theft. It is also crucial for maintaining a competitive edge, ensuring compliance with regulatory standards, and attracting investment and customers. 

How to Protect Your IP in the Cloud 

Protection of your IP in the cloud era can be challenging, as more and more companies adopt cloud-based solutions to enhance their productivity, collaboration and innovation. Improper protection can cause a major data governance risk for businesses. 

Cloud-based solutions can offer many benefits, such as scalability, flexibility, cost-efficiency and access to advanced technologies, but they also pose new risks and threats related to IP protection in the cloud. 

For example, cloud-based solutions can increase the exposure of IP to cyberattacks, data breaches or accidental leakage, as well as create legal and contractual issues regarding the ownership, control and jurisdiction of IP in the cloud.

Companies in the life sciences and financial industries need to adopt effective strategies and tools to protect their IP in the cloud, while also leveraging the cloud’s power and potential. 

Data Loss Prevention and Containerization

One of the most common and effective ways to protect your IP in the cloud and limit the data governance risk for businesses is to use data loss prevention (DLP) and containerization solutions. DLP and containerization are techniques that help you prevent, detect and respond to any unauthorized or unwanted access, use or transfer of your IP data in the cloud.

DLP solutions help you identify and classify your IP data based on its content, context and source. These solutions also allow you to apply policies and rules to control how your IP data can be accessed, used or shared in the cloud. DLP solutions can also monitor and audit your IP data activity in the cloud, and alert you or take actions to prevent or remediate any violations or risks.

Containerization solutions help you isolate and secure your IP data from the rest of the cloud environment, by creating virtual containers that encapsulate your IP data and its associated applications, libraries and dependencies. Containerization solutions can also help you encrypt, manage, and migrate your IP data containers across different cloud platforms or devices, without compromising their security or functionality.

DLP and containerization solutions can work together to provide a comprehensive and robust protection for your IP data in the cloud, by ensuring that your IP data is always classified, controlled, monitored and secured, regardless of where it is stored or shared.

How SkyTerra Technologies Can Help You

Implementing DLP and containerization solutions for your IP data in the cloud can be a complex and challenging task that requires a combination of technical, legal and business expertise and skills. That is why it is advisable to work with a trusted advisor who has the experience and knowledge to help you implement the best DLP and containerization solutions for your IP data in the cloud, and who can tailor them to your specific needs and goals.

We are a leading provider of cloud-based solutions and services that specializes in regulated industries, such as life sciences and financial industries. When you partner with SkyTerra, we support you by:

• Assessing your current IP assets and risks, then designing a customized IP protection strategy and plan for the cloud.
• Choosing and deploying the most suitable DLP and containerization solutions for your IP data and activities in the cloud.
• Implementing and configuring the best practices and policies for your IP data classification, control, monitoring and security in the cloud.
• Monitoring and managing your IP protection performance and compliance in the cloud, and providing ongoing support and guidance. 

Case Study of DLP Services in Life Sciences 

We’ve helped many clients in the life sciences and financial industries protect their IP in the cloud using DLP and containerization solutions. 

Here is an example of how we helped one of our biotech clients secure their IP in the cloud:

The Challenge 

Our client had some sensitive and confidential IP documents that contained specific keywords related to their life sciences projects. They wanted to prevent those documents from leaving their organization or being accessed by unauthorized parties. 

The Solution

We helped them use DLP solutions to identify and classify those keywords, and apply filters and rules to restrict their sharing and transfer. We also helped them use containerization solutions to create and manage secure virtual containers for their IP documents. These steps allowed their team to work on the documents from any device or location, without creating a data governance risk for their business. We also helped the organization monitor and audit their IP data activity in the cloud and alert them of any potential threats or incidents. 

The Results 

As a result, our client was able to protect their IP in the cloud, while also enhancing their productivity and collaboration with their partners and stakeholders. 

Reduce the Data Governance Risk For Businesses With SkyTerra

By working with SkyTerra Technologies, you can ensure that your IP is secure and protected in the cloud, while also enjoying the benefits and opportunities that the cloud offers. 

Book a meeting with us today to gain the support you need in protecting your IP and reducing the data governance risks for businesses.