This is why brands need to think about the technologies they will think about using for the future consumer authentication apps.   Counterfeit apps, authentication sites and the use of open source solutions create security holes in the brand protection strategies of all brands.

http://www.nytimes.com/2016/11/08/technology/daily-report-fake-retail-apps-apple.html

After a bruising presidential campaign, more than a few of us might be looking forward to a festive holiday season. But the holidays are bringing their own problems, including a proliferation of fake retail apps that may be trying to trick you.

The counterfeit apps have popped up in abundance in Apple’s App Store in recent weeks, writes Vindu Goel. They are often disguised as the bona fide apps of luxury-goods makers like Christian Dior or discount stores like Dollar Tree.

Consumers may be deceived into entering their credit card numbers or Facebook login information into these apps, which would expose them to financial or information security risks. Some of the fake apps may even contain malware that could steal people’s information.

For Apple, the question is how so many of these apps, which appear to have originated in China, slipped past the company’s vetting process. The problem is not new — counterfeit apps have been around for a while — but their recent surge shows how intractable the issue can be. Apple has removed many of the fake retail apps after inquiries from reporters.

This is the AIM youtube recording of the webinar featuring AIM’s Case Study Competition Winner | AIDC, iTRACE Technologies and their work with Rolls-Royce Aerospace on combatting counterfeit parts in the supply chain. Discover how they integrated a unique, secure identifier into the manufacturing process to enhance security. Key Topics:– Combat Production Overrun: Strategies to prevent overproduction and product diversion.– Innovative […]

From the original post on PRWebhttps://www.prweb.com/releases/revolutionary-ai-and-blockchain-integration-enhances-anti-counterfeiting-measures-for-global-brands-302140866.html REDWOOD CITY, Calif., May 13, 2024 /PRNewswire-PRWeb/ — iTRACE Technologies, Inc., a leader in securing global supply chains against counterfeiting, today unveiled a major upgrade to its iTRACE 2DMI® technology, integrating artificial intelligence (AI) with the existing blockchain connectivity to offer unparalleled protection for brands and consumers. Across industries, counterfeiting undermines […]

Redwood City CA. May 7th 2024. iTRACE Technologies, Inc, the industry leader in anti-counterfeiting and supply chain security solutions, is proud to announce a win in the AIM Global 2024 Case Study competition for the AIDC category. AIDC Category Winner: iTRACE Technologies, a two-time winner, claimed victory in the AIDC category with their exceptional project in collaboration […]

iTRACE Technologies, a global leader in secure anti-counterfeiting and supply chain security solutions, is pleased to announce the appointment of Gary Nelson as the Director of Business Development PALO ALTO, Calif., Dec. 27, 2023 /PRNewswire-PRWeb/ — iTRACE Technologies, a global leader in secure anti-counterfeiting and supply chain security solutions, is pleased to announce the appointment of Gary Nelson as the Director […]

FOR IMMEDIATE RELEASE iTRACE Technologies Announces Kieran Guller as Chief Technology Officer Palo Alto CA, June 10th 2023 – iTRACE Technologies, a leading provider of secure anti-counterfeiting and supply chain security solutions, is delighted to announce the appointment of Kieran Guller, as its new Chief Technology Officer (CTO). Guller brings a wealth of expertise and […]

iTRACE featured on the Identiv podcast Season 1 Episode 29 on August 18th. We’re talking with Mark Manning, Founder and CEO of iTRACE Technologies, a Silicon Valley company specializing in supply chain security. Mark takes our listeners on a journey that breaks down blockchain, cryptocurrency, and NFTs, making the technologies accessible to all. https://www.identiv.com/resources/podcasts/building-blockchain-crypto-and-nfts-s1e29