Innovative projects rely heavily on teamwork, yet incorporating outside experts poses a significant risk of intellectual property theft. Many businesses are apprehensive about sharing proprietary information, fearing that insights could be replicated and used without consent by consultants or agencies. A European Commission study highlighted that 20% of companies experienced attempted theft of confidential data, with rising concerns evident from a survey of construction firms, where 79% expressed fear of their knowledge being reused. This anxiety transcends industries, affecting various sectors including advertising, leading to nearly 75% expressing significant concerns about leakage risks.
A European Commission study found that 20% of businesses faced attempted theft of confidential information, with nearly 40% believing the risk is on the rise.
Our own survey of 230 construction firms showed that 79% feared their proprietary knowledge could be acquired and reused by a partner without their consent.
A follow-up survey across five different industries found that nearly 75% of respondents were somewhat to extremely concerned about leakage risk.
Partnering with consultants can lead to concerns about intellectual property theft, particularly when similar ideas resurface in their other client work.
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