Intellectual property crime is committed when someone manufactures,
sells or distributes counterfeit or pirated goods for commercial gain.
It is estimated to cost the economy at least £1.3 billion per year in
lost profits and taxes (Intellectual Property Crime Report 2013/14) but
it is difficult to give a precise figure on the scale. The majority of
counterfeit goods still originate from China and the increasing use of
the internet, particularly social media sites, has created a
wide-reaching marketplace to facilitate the sale of counterfeit goods.
The type of counterfeit and pirated goods being produced and sold to
consumers are many and varied, but generally they fall into the
following categories: 1) Optical Digital media, such as software and games, 2 Luxury clothing, footwear and accessories, and 3) Automotive parts, electrical items and other manufactured goods. Counterfeiting and distributing these goods requires different levels
of expertise or techniques and attracts criminals of all types. For
organised criminals, it is attractive because it offers a high financial
return from, typically, a low investment. Just how serious is the IP security threat? Send your comments to the Cloud and Cyber Security Center.
The type of counterfeit and pirated goods being produced and sold to
consumers are many and varied, but generally they fall into the
following categories: 1) Optical Digital media, such as software and games, 2 Luxury clothing, footwear and accessories, and 3) Automotive parts, electrical items and other manufactured goods. Counterfeiting and distributing these goods requires different levels
of expertise or techniques and attracts criminals of all types. For
organised criminals, it is attractive because it offers a high financial
return from, typically, a low investment. Just how serious is the IP security threat? Send your comments to the Cloud and Cyber Security Center.
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