What are the risks of third-party vendors mishandling intellectual property, and how can businesses protect sensitive assets?
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What are the risks of third-party vendors mishandling intellectual property, and how can businesses protect sensitive assets?
Third-party vendors can pose risks to intellectual property through unauthorized access, theft, or misuse of sensitive information. To mitigate these risks, businesses can adopt measures such as conducting thorough background checks on vendors, implementing clear contractual agreements outlining data protection standards, providing specific guidelines on handling intellectual property, conducting regular audits and risk assessments, encrypting sensitive data, restricting access to only necessary information, and monitoring vendor activities closely to ensure compliance with security regulations.