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Tuesday, October 24, 2006
IP Theft Up in First Half of Year: Report
Counterfeits and intellectual piracy (IP) theft cost companies millions in the first half of 2006, according to a report released Tuesday. An estimated 760 copyright and trademark intellectual property thefts in 69 countries between January and June 2006 cost companies nearly $700 million, up 7 percent from the year-ago period, according to Gieschen Consultancy’s 2006 Mid-Year Counterfeit & Piracy Intelligence Report.
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.
The study indicates manufacturers of fake goods are increasingly finding new ways to exploit Internet marketing to reach consumers, retailers, and distributors.
http://www.darkreading.com/document.asp?doc_id=108156&WT.svl=cmpnews1_2