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Preserving Intellectual Property and Client Confidentiality
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Intellectual Property represents roughly 70% of the market capitalization of US businesses of all sizes. And on a whole, Intellectual Property theft costs roughly $60 billion a year in lost competitiveness and revenues, legal fees and loss of reputation. And, on average, each incident costs US business $300K.1 |
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Chart 1: Areas of Reported Intellectual Property Theft |
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Additionally, national legislation such as the Health Insurance Portability and Accountability Act of 1996 (HIPAA -- also known as the Kennedy-Kassebaum Act) as well as the Gramm-Leach-Bliley Act in banking and finance are already in effect to further protect patient and client rights to privacy. As a whole, document security is a significant issue in both the private and public sectors of the economy.
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Given this business environment, Sharp's Document Security Suite helps professional service firms, healthcare providers and financial firms better safeguard the confidentiality of their clients' information.
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Healthcare Industry: hospitals, medical and dental practices, counseling services, medical insurance firms, and pharmaceuticals and clinical trials |
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- Helps protect confidential patient treatment records |
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Professional Services Firms: legal, accounting, and medical firms that possess private information about their clients |
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- Helps protect clients' right and privacy |
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Financial Industry: banks, insurance companies, and financial service firms involved in financial transactions, mergers/acquisitions and stock trading. |
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- Helps protect client and confidential transaction information |
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Research & development, compensation and HR Departments, as well as the IT Security Manager, will find this to be a valuable tool in protecting their intellectual property and confidential personnel information.
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R&D/High Tech Facilities: Semiconductors, Computers, Pharmaceuticals, Biotechnology, Defense Contractors and Government Labs |
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- Helps protect trade secrets and against industrial espionage |
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Additionally, Sharp's security enabled MFPs are gaining wide acceptance in both Government and Military installations, where document security is an integral part of a broader security program.
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Government and Military Organizations: State & Local Government, Military, Embassies, and Consulates that handle a large number of classified and confidential documents |
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- Helps protect national security, military and trade secrets |
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Sharp understands these concerns, and while we believe in the power and versatility of digital multifunction systems, we also believe in providing solutions to help address our customers' security concerns.
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1Source: Trends in Proprietary Information Loss; American Society for Industrial Security (ASIS) International, 2002
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