Intellectual property, commonly known as IP, is the lifeblood of every company or organization. However, in the past, it wasn't very important. Businesses rarely focused on their intellectual property, struggled to protect it and it wasn't as important to business owners. The reason is simple – the competition in the business world, prior to globalization and the advent of technology wasn’t so fierce. Now, companies are online, and their entire range of products is most likely online. Technical manuals, recipes, and other important bits of information are easily available online. Cyber attacks are now the norm, and most of them go undetected and untraced.