Fake currency is a business, and business is booming. Yet despite high-profile cases, the Secret Service has said, “The threat of fake currency has grown in recent years,” thanks to advances in scanning and printing technology.
Many global brands constantly fight against counterfeiting and have endured damages caused by people both purchasing and selling fake goods online. As such MarkMonitor's Simon Whitehouse advises bosses on how to protect their brands and reputations online.
The war between Alibaba CEO Jack Ma and brands across the globe continues, with counterfeit goods increasingly being found on the Chinese retailer's platforms. But assigning the blame to everyone else seems to be taking its toll on the entrepreneur.
Many counterfeiters are being drawn to online shopping sites such as eBay and Etsy to sell their fake goods. Here is what you can do if your brand is being abused.
The popularity of online shopping is showing no signs of slowing down. However, in this expanding digital world, the risks facing brands and businesses due to the anonymous, instantaneous and open nature of the internet are also growing.
The European Parliament has approved plans to give customs authorities new powers to seize counterfeit goods at border control, even if the goods in question are destined for sale outside the EU.
There is a certain stereotype of the counterfeiter: undercover operators churning out fake handbags, perfume or trainers and disposing of them via street markets or eBay. It is difficult to imagine counterfeiters constructing a high performance sports car.
It has been reported that the sale and distribution of counterfeit goods seems to escalate during the Christmas season. Counterfeit goods are everywhere, from fake clothing and detergents to poor quality toys which is particularly problematic at this time of the year.