The study, based on statistics from the Business Action To Stop Counterfeiting And Piracy (BASCAP), a joint initiative with the International Chamber of Commerce, ranks the United States at the top of the list, citing 205 violations and $51.7 million in losses.
The United Kingdom ranked second, with 116 reported violations costing $31.1 million. Next is India, with 87 incidents at $2.5 million; Malaysia, 52 incidents costing $5.9 million; and China, 43 incidents at $5.3 million.
But the U.S. and the U.K. are the most active in publicly battling counterfeiters and pirates, educating citizens through reporting raids, seizures and investigations. Other countries with high IP theft rates, such as China and Russia, tend to report less information to the public, according to the report.
The BASCAP Intelligence Report indicates the Internet is used as marketing tool in 1 of every 7 reported investigations. The study indicates manufacturers of fake goods are increasingly finding new ways to exploit Internet marketing to reach consumers, retailers, and distributors. Tools include trade boards, auction sites, spam, and click-through ads.
The report indicates 392 brands were counterfeited in the first half of 2006. The majority were of fake goods were from sellers purporting to be Louis Vuitton, Nike, Microsoft, Gucci, and Prada.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.
Top IT Trends to Watch in Financial ServicesIT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Join us for a roundup of the top stories on InformationWeek.com for the week of September 18, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."