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But while the importance of these assets has grown, many businesses lag in their efforts to protect IP.

Fortunately, most companies already have in place a system that can be adapted to meet the challenge.These “enterprise risk management” (ERM) systems offer a way to put a dollars-and-cents value on potential theft or misappropriation of IP so that companies can invest appropriately in safeguarding it.In an increasingly competitive global economy, information and ideas are the fuel that makes companies viable, allowing them to grow and create jobs.Intellectual property (IP) — that covered by patents, trademarks, copyrights and harder-to-protect trade secrets — is now worth as much as 75 percent of the total value of major companies.But the large and growing array of risks to IP argues for a more proactive and holistic approach, like that employed by ERM. Gore and Associates was arrested just hours before flying home to his native South Korea.

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