When Piracy, Counterfeiting, and Organized Crime Target a Business’s Intellectual Property
Introduction
Previously, we discussed the vector posed by the “Insider and Competitor” and the “State Entity.” The greatest and most insidious threat to one’s Intellectual Property (IP), however, involves counterfeiting and piracy, and often times, these activities are sponsored by organized crime.
The threat to IP from backroom thieves who produce counterfeit and pirated products is absolutely the most pervasive threat to the global economy as a whole. The U.S. Chamber of Commerce (Chamber) estimates that counterfeiting and pirated products account for 5 to 7 percent of the global economy, costing the United States alone over 750,000 jobs, and socks ...
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