Privacy
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
Chart 1: Areas of Reported Intellectual Property Theft
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.
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.
- Healthcare Industry: Hospitals, Medical and Dental practices, Counseling services, Medical Insurance firms, and Pharmaceuticals and Clinical Trials
- Protection of confidential patient treatment records
- Professional Services Firms: Legal, Accounting, and Medical Firms That possess private information about their clients
- Protection of Clients' Right and Privacy
- Financial Industry: Banks, Insurance companies, and Financial Service firms involved in financial transactions, mergers/acquisitions and stock trading.
- Protection of client and confidential transaction information
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.
- R&D/High Tech Facilities: Semiconductors, Computers, Pharmaceuticals, Biotechnology, Defense Contractors and Government Labs
- Protect trade secrets and against industrial espionage
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.
- Government and Military Organizations: State & Local Government, Military, Embassies, and Consulates that handle a large number of classified and confidential documents
- Protection of national security, military and trade secrets
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.
1. Source: Trends in Proprietary Information Loss; American Society for Industrial Security (ASIS) International, 2002
