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Question:
Stealing proprietary information such as a formula or code is a form of intellectual property (IP) theft. The cost of losing IP can be difficult to determine in many instances, but it can have a significant impact on an organization that depends on it for its business. External risk is created by factors outside the organization, while internal risk is created by the organization itself or its decisions. Licensing risk, on the other hand, arises from software and other contracts.
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