With the growth in the use of internet these days the cyber
crimes are also growing. Cyber theft of Intellectual Property(IP)
is one of them. Cyber theft of IP means stealing of copyrights,
trade secrets, patents etc., using internet and computers.
Copyrights and trade secrets are the two forms
of IP that is frequently stolen. For example, stealing of software,
a unique recipe of a well-known dish, business strategies etc.
Generally, the stolen material is sold to the rivals or others for
further sale of the product. This may result in the huge loss to
the company who originally created it.
Earlier, a lot of physical labour, time and money was spent to
steal a trade secret or make a pirated version of anything. The
original copies had to be physically stolen which used to take lot
of time and money. But in the present scenario these works can be
done easily sitting at one place without shedding too much time and
money on it without leaving any proof of it.
