This can be a newly developed algorithm related to payment processing or fraud detection and other business-critical elements that run digitally. For software and technology companies, IP often takes the form of proprietary source code.Īlthough the use of open source components is booming, every organization that relies on source code for its operation also has some IP within its code that should be protected. Depending on the sector, IP can mean different things. However, an efficient data security strategy should also cover intellectual property (IP) and the protection of trade secrets. With the rise of data protection regulations and the increasing fines, companies worldwide focus more on cybersecurity, especially on the safety and privacy of sensitive customer data such as Personally Identifiable Information (PII). That’s why source code security should be among your priorities if it isn’t already. It’s not just about financial losses – it can also decrease customers’ trust and negatively impact your reputation. If source code gets leaked or stolen, it can cause massive damage to your organization.
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