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News

Report on growth in intellectual property fraud.

Kroll : 23 January, 2008  (New Product)
Kroll report provides details of the trends and growth in counterfeiting and piracy across all industries.
Intellectual property (IP) fraud has skyrocketed over the past ten years due to better access to Internet distribution channels and more criminal networks turning to IP fraud to finance operations, according to the Global Fraud Report (Intellectual Property - January 2008) released by the global risk consultancy Kroll.

The report cites European Union Customs statistics that show a 1,000 percent increase in counterfeit goods in Europe between 1998 and 2004. The World Customs Organization puts the total figure of counterfeiting and piracy at $650 billion or five to seven percent of world trade.

Both consumers and companies are harmed by this trend:.

* Globally 10 percent of prescription drugs are counterfeit according to World Health Organization estimates.
* Electronic products are illegally copied so fast in China that they often arrive on shelves before the original (ie LG's Chocolate phone).
* Italy's Chamber of Commerce estimates that 20 percent of apparel purchased there is counterfeit.

Kroll's Global Fraud Report - IP Quarterly provides insight into why IP fraud is growing and six steps to prevent it.

Why there is more counterfeiting and piracy:.

* Organized crime has turned to counterfeiting and piracy to finance operations.
* Weaknesses remain widespread in corporate IP pipelines, such as inadequate processes to dispose of defective products and store rejected prototypes.
* Effective IP legal protections are still evolving in emerging markets.
* Highly sophisticated outlaws use the Internet, electronic and traditional means to obtain trade secrets, customer lists and other proprietary information.

Measures to combat counterfeiting and piracy:.

* Assess and inventory digital archives - including VPN, Webmail, Instant Message and Print logs.
* Conduct an IP audit of trade secrets and proprietary information.
* Design enforceable IP rights into products.
* Know local partners.
* Know supply and manufacturing chain.
* Share intelligence and collaborate with law enforcement and commercial owners of IP.

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