Cyberattacks are becoming more frequent, more sophisticated and more widespread, as evidenced by recent hacks involving financial institutions like JPMorgan Chase & Co., home improvement retailer The Home Depot, e-commerce giant eBay Inc. and Target Corp.’s massive cyberattack that hit at the height of the holiday season last year. According to a recent study conducted by data security research firm Ponemon Institute, 90 percent of senior executives surveyed said their company has had a data breach.

With the proliferation of such attacks and resulting breaches, organizations are challenged to find ways to safeguard their data assets and create a proper response plan. This is especially important for companies that engage with multiple third-party vendors, store personally identifiable information or maintain highly valuable patent portfolios.

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