Industrial and commercial counterfeiting represents between 5% to 7% of world trade. The trafficking that it generates is a serious threat to the integrity of world trade and global development.
International organisations like the World Intellectual Property Organisation, Interpol and Europol are becoming increasingly concerned about this growing crime which is largely controlled by criminal organisations and even terrorist groups.
The profits made from counterfeiting cost industry are astounding. Statistics from the 1998 OECD report ‘The Economic Impact of Counterfeiting’ (see below), reveal just how much revenue is lost in some of the most highly counterfeited products available.
The ultimate victims of counterfeiting are consumers, who can receive poor-quality goods at excessive prices and be exposed to health and safety dangers.
In fact, the OECD reports that it is no longer rare to find counterfeit parts in aircraft and other vehicles causing death and injuries, or counterfeit pharmaceuticals in hospitals, none of which have passed safety and health tests.
There is no such thing as a good copy
As the music industry will readily admit, pirate copies can often fool consumers with high standards of counterfeit. Whilst mainstream media technology standards continue to rise rapidly and become easily available to the public – so does the standard of copy cats. Common security features like holograms, UV-ink and security threads are now easily copied by professional thieves and criminal organizations.
This is where DataDot Technology products come in. By using a single or a combination of products from our technology, solutions against counterfeit, and contraband, can be quickly and efficiently put into operation with the minimum of fuss and interruption.
If you are seeking a solution to battle the onslaught of counterfeiting, please do not hesitate to contact us for a presentation and demonstration on how a DataDot Technology solution can be customized for you.
In the meantime, you’ll find more information on the products that can be used in the fight against counterfeit by clicking on a link below: