For The Head of Engineering R&D
The job of an engineering and R&D heads does not end with managing the product design in the product development cycle, but also ensure critical design IP is protected when it is shared with engineering and design teams that are spread across diversified locations.
With insider threat looming large they need to formulate and enforce data security a high priority within the engineering and R&D department.
Digitalization is causing a major shift in the product development industries. The advances in information technology have enabled companies to develop smart and connected products.
Design data is among the most coveted, and hence stolen, data type. Protecting them is critical to business.
Thus, while data security may be the onus of the CIO or the CDO, it definitely should be in the radar of those responsible for critical functions such as Engineering research and development.
Design data is an intellectual property and data leaks can lead to huge revenue loss to your company. Industrial design data is a highly valuable source of information and can be categorized as Intellectual Property of the organization.
Statisticians say that the annual IP losses for the U.S. is between $10 billion and $12 billion from cybercrime targeting IP and perhaps $50 billion to $60 billion globally.
What must Heads of Engineering R&D do?
- Make data security a high priority and broadcast within the R&D department
- Involve Information Security Officer and drive for budget allocation
- Formulate a data security strategy and devise best practices across vendor organization.
We, at SECUDE, understand the nuances of engineering design and partner with R&D heads of diverse organizations across the world towards protecting their critical design IP.