The bill also requires courts to order the destruction of all counterfeit products seized as part of a criminal investigation and convicted counterfeiters to relinquish profits and any equipment used in the operation. Those convicted of counterfeiting must reimburse the legitimate businesses they exploited.
Manufacturers lose an estimated $200 billion a year from counterfeit products, according to U.S. Customs and Border Protection.
Mike Wills, Intermec Corp.'s vice president of global services, RFID, and intellectual property, said more manufacturers in consumer goods and retail industries are looking at embedding radio frequency identification (RFID) tags in individual items as an option to stop counterfeiting.
Some industries, such as pharmaceutical, have already begun to deploy RFID technology in their supply chain to stop counterfeiting. Drug manufacturers and distributors have integrated RFID technology to make certain fake drugs don't reach consumers. Projects are being rolled out on request from the U.S. Food and Drug Administration (FDA).
The White House said in a statement that it broke up a prescription drug counterfeiting network and seized more than $4 million in counterfeit medicine with help from partners overseas.
With help from 16 countries on five continents, it also eliminated more than $100 million in illegal online software, games, movies and music.
How Enterprises Are Attacking the IT Security EnterpriseTo learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Infographic: The State of DevOps in 2017Is DevOps helping organizations reduce costs and time-to-market for software releases? What's getting in the way of DevOps adoption? Find out in this InformationWeek and Interop ITX infographic on the state of DevOps in 2017.
IT Strategies to Conquer the CloudChances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.