Impact Of Intellectual Property Theft And Copyright...

This report will examine the impact of intellectual property theft and copyright infringement upon the company Music and Film Innovators. I will obtain statistical data that shows what, how, and who is responsible for these thefts. I will also provide viable solutions and recommendations to Music and Film Innovators (MFI) in order to reduce the company’s exposure and subsequent losses. I will provide various ways that Music and Film Innovators creations and personnel data can be protected so that hackers cannot steal valuable data. I will also provide MFI ways that it can identify quickly any copyright infringements of its products. In order to understand the threat against MFI I will provide a brief history and assessment of the problem. In 2013, a new intelligence assessment concluded that the United States is the target of a massive, sustained cyber-espionage campaign that is threatening the country’s economic competitiveness, according to individuals familiar with the report (Nakashima, 2013). U.S. intellectual property is worth $5†5.5 trillion† which is more than the gross domestic product (GDP) of any other country (Espinel, 2010). Intellectual property accounts for more than half of all U.S. exports, helping drive 40% of U.S. economic growth (Espinel, 2010). It is estimated that criminals stole a combined $4.6 billion worth of intellectual property from the 1000 companies around the world polled by McAfee in their Unseen Economies Report. ThoseShow MoreRelatedIntellectual Property Protection And Stricter Copyright Laws935 Words   |  4 Pages With all the groups mentioned above, intellectual property protection and stricter copyright laws are being discussed, which is a step forward in the right direction. 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