Cybersecurity is concerned with protecting networks, systems, computer programs and data from digital attacks. These cyber attacks are usually aimed at accessing, changing, or destroying sensitive information, and/or at interrupting the function of critical infrastructures, the delivery of essential services and normal business processes. Sources of such attacks include unfriendly countries, terror or criminal organizations, industrial espionage or hackers. In today’s world, where computers, networks and the Internet of Things are increasingly prevalent in all aspects of life, the opportunities for cyber attacks increase as well, and they can cause physical as well as virtual harm (e.g. opening electronic doors, tampering with settings of medical equipment and traffic lights).
The ever-increasing variety and sophistication of attacks, and the growth of the Cloud as a location for placement of data storage and for computer applications, further drive this market. Allied Market Research projects an annual growth rate of 11.9% in this market, reaching nearly $260 billion by 2025. In such a large and dynamic market, players find it critical to protect their technologies by patents and other intellectual property rights.
Further to protecting the technology and blocking competitors, a high quality patent portfolio raises the chances of an M&A event and increases its value. Patent applications serve as a tool to promote the startup’s business and growth objectives and should be tailored to the company’s changing needs. Reinhold Cohn Group’s patent attorneys have wide experience in patenting inventions in the cybersecurity field, and are uniquely qualified to support your intellectual property requirements. Their deep business and technological knowledge allow for strategic consultation, patent filing and patent portfolio management from a broad and long-term perspective.