CTO Challenge: Achieving Zero Crown-Jewel Intellectual Property Loss
With judges Mark Anderson, Founder and Chair, INVNT/IP; and Steven Sprague, CEO, Wave Systems, and Founding Member, INVNT/IP.
And CTO task force Barry Briggs, IT Chief Architect and CTO, Microsoft; Ty Carlson, Senior Manager, Technology Program Management, Digital Products Group, Amazon; Jeff Hudson, CEO, Venafi; Pete Nicoletti, Chief Information Security Officer, Virtustream; Eric Openshaw, Vice Chairman and US Technology, Media and Telecommunications Leader, Deloitte LLP; Larry Smarr, Director, Calit2, a UC San Diego/Irvine Partnership (HQ Qualcomm Institute), UCSD; Vaclav Vincalek, President, Pacific Coast Information Systems Ltd.; and Jerry Woodall, Founder, WoodallTech, and National Medal of Technology Laureate
Mark Anderson: IP theft can and has destroyed global economic sectors. For example, cellular.
- Nortel penetrated by China, now they don’t exist.
- RSA penetrated by China
- Coke tried to purchase a new Chinese company, but wasn’t able to because their strategies were stolen by the Chinese.
How much of global GDP does not depend on IP and proprietary technology? Most global GDP today depends on IP.
- The top 1 percent of the IP pyramid is what needs to be controlled and protected.
- Military-grade team will come into your company, you won’t know it was there, they stay there.
- All companies have been penetrated
- Phishing has been used more and more often
- Employees are the largest problem; students and interns are a strong source of loss.
- Travel is a problem: The contents of your laptops will be stolen
- Putting research center in China is not a good idea; nor is training employees in countries with IP theft
If you succeed in solving this problem, you will make world economic history.
Richard Marshall: For the purposes of our discussions this week, legality is irrelevant. Look at technical and policy solutions and be completely unconstrained. “Nothing is off the table as far as I’m concerned.”
Avoid compliance regimes and security. Compliance regimes are a lawyer’s full employment act. Don’t fall into that rabbit hole. Think more of asset management
Steven Sprague: How do we get to the point that it’s a natural part of the process of doing business.