The gains from the global 3D printing revolution come with tremendous risk of IP theft — if not carefully managed.
The 3D printing industry is expanding at a rapid pace. Global revenue from additive manufacturing, which consists of printing layer upon layer of a material to make an object out of a digital file, is expected to top $21 billion by 2020 — a seven-fold increase from 2013.
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 while the importance of these assets has grown, many businesses lag in their efforts to protect IP.
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As the world’s markets rapidly evolve into complex hybrids of physical and digital assets, cyber security is increasingly critical as a stabilizing force. It is no longer an esoteric art practiced mainly by rival intelligence agencies and giant corporations — it has become a basic necessity of everyday life for any business.
After leaving Geometric, the employee was caught trying to sell the software code to SolidWorks’ competitors. Because Indian law does not recognize the misappropriation of trade secrets, it was not possible to sue the individual. Since the source code belonged to SolidWorks — not Geometric — he technically had not stolen from his employer.