http://www.iccwbo.org/News/Articles/2016/World-Anti-Counterfeiting-Day-Why-buying-fakes-costs-more-/

World Anti-Counterfeiting Day: Why buying fakes costs more?

  • Paris, 08 June 2016

Now in its eighteenth year, World Anti-Counterfeiting Day enables national and international organizations involved in the fight against counterfeit products to increase consumer awareness of the risks and costs associated with buying fakes, and to encourage consumers to better understand the seriousness of the problem.

Counterfeiting and piracy is a growing global problem with the latest OECD reporton trade in counterfeit and pirated goods indicating that trade of fake goods has increased by over 80% in a five-year period, representing now more than 2.5% of all world trade.

Business Action to Stop Counterfeiting and Piracy (BASCAP), an ICC initiative, runs a consumer education and awareness programme to help show that “fakes cost more” not less, despite the lower shelf price of some counterfeits.

Trade of fake goods has increased by over 80% in a five-year period, representing now more than 2.5% of all world trade.

Fakes Cost More because:

  • They can carry significant health and safety risks, even endangering lives in the case of counterfeit medicines, auto and airplane parts, as well as many other types of products;
  • Workers for legitimate manufacturers lose their jobs to counterfeit producers;
  • Pirated software, music and movies can cause computers to crash or be attacked;
  • The money from the sale of counterfeits goes to organized criminal networks through which it is used to fund other illegal activities;
  • Governments are deprived of tax revenues and incur increased costs for enforcement and other activities.

I buy real

The campaign’s website, www.ibuyreal.org , gives consumers more information about the costs of buying fake goods and what every individual can do to stop this growing problem. Consumers can also learn how to spot fakes and report intellectual property theft.

“Consumers do not recognize the risks and costs of buying fakes, but quickly agree that they do not want to buy anything that will endanger them or their families, or increase funding for organized criminals. We asked consumers what message might help them understand the problem better, and “Fakes Cost More/I Buy Real” was the clear winner around the world,” said BASCAP Director Jeffrey Hardy.

AIM Congratulates 2022 Case Study Winners Recognizing innovators of digital technologies that deliver exceptional traceability results Taking the win for the Blockchain category is iTRACE Technologies, Inc.. Their case study featured a large US based aircraft equipment manufacturer in the used and refurbished parts business. The customer realized including parts provenance data with the parts […]

From the original Press Release https://www.einpresswire.com/article/558553436/the-futurist-institute-releases-the-robot-and-automation-almanac-2022 Automation, AI, and Robots will be critical in 2022, as businesses and industries adapt to supply chain issues, tight labor markets, and high inflation. The year ahead will include big changes in the wake of COVID-19. The Robot and Automation Almanac – 2022 helps analysts, consultants, and leaders evaluate the […]

From the original press release https://www.einpresswire.com/article/557303086/the-futurist-institute-and-itrace-technologies-launch-nfts-for-education-certificates-and-degree NEWS PROVIDED BY The Futurist Institute December 01, 2021, 19:46 GMT SHARE THIS ARTICLE iTRACE Technologies and The Futurist Institute found JV named NFT Degree to promote non-fungible token use for professional certificates and academic degrees. NFTs present a tremendous opportunity for institutions of professional and academic learning to secure […]

The integration of both iTRACE 2DMI® with TME® creates a full suite of security and visibility applications for today’s supply chain that are easy to deploy and manage. PRESS RELEASE UPDATED: DEC 1, 2021 07:29 PST MASS Group and iTrace partnership LAS VEGAS, December 1, 2021 (Newswire.com) – Manufacturing Automation & Software Systems, Inc. dba […]

CCL Design is pleased to announce a partnership with iTRACE Technologies, Inc., a leading provider of supply chain security applications for anti-grey and anti-counterfeit markets, which will deliver iTRACE 2DMI™ highly secure smartphone authentication capability to its customers. REDWOOD CITY, CALIF. (PRWEB) MAY 04, 2021 CCL Design has over 20 years experience of developing multi-layered brand […]