NEW YORK, Aug. 3, 2016 /PRNewswire/ -- Precision Discovery, Inc. announces the launch of a new service, Employee Risk Assessment (ERA), designed to uncover and prevent employee theft of critical intellectual property. "Your company's most valuable assets are your people and the intellectual property they create," said Pete James, Managing Director of Computer Forensics at Precision Discovery, Inc. and author of Uncovering Internal Intellectual Property Theft. "Unfortunately, those same people present the greatest risk for intellectual property theft. When they leave – are your secrets and competitive information assets going with them?"
Today, employee theft of proprietary information and data is a serious and widespread problem. Studies reported by Symantec and Computer Weekly found that over 60% of departing employees admit taking company data when leaving their jobs, while Network World indicates that 66% of those reporting theft say they did so to secure their new position. The cost of this exposure is significant. The Software Engineering Institute reports that in 70% of theft cases the damage equates to more than $100K; in 50% of cases it rises to over $1M.
Precision Discovery Employee Risk Assessment provides forensic analysis of computers, networks, and other digital devices to detect when files or other sensitive proprietary information are accessed, downloaded, deleted, copied, or sent inappropriately. Available in three service configuration alternatives, ERA helps companies identify, prevent, or prosecute employee theft of valuable intellectual property and competitive assets.
About Precision Discovery Founded in 2008, Precision Discovery is a leading provider of end-to-end discovery and consulting services. We combine an unparalleled team of legal and technology experts, industry-leading and proprietary technologies, and a collaborative and consultative approach, to reduce costs and give our clients an edge in every discovery matter. Precision Discovery helps corporations and law firms create and implement a proactive, sustainable, efficient and defensible eDiscovery plan. Precision Discovery's employees own 100% of the Company through an ESOP, an employee-owner benefit program that provides our workforce with an ownership interest in the company. For more information about Precision Discovery, please visit www.precisiondiscovery.com.