The list of proprietary and intellectual property stolen from Corporate America has grown rapidly in size and impact over the last five years.
Company CFOs need to become more vigilant about the theft of intellectual property and proprietary information the value of which doesn’t always appear on the balance sheet, according to this article on CFO.com. One recent industry report puts the value of such topline stolen data and assets at more than $300 billion this year alone.
“This theft translates into financial statement impact in the form of shorter revenue streams and/or missed revenue growth expectations, and can translate into longer term deflated stock prices,” according to the article.