Tag: online counterfeiting
Crypto thieves and conmen flourish in a $1 trillion market
In a cryptocurrency market surpassing a staggering US$1 trillion valuation, it is no surprise that it has become a magnet for opportunistic thieves and cunning conmen. However, unlike the stereotypical villains from old Western tales who would brazenly attack stagecoaches in broad daylight, today’s crypto thieves operate with remarkable finesse, sophistication, and an uncanny ability to remain hidden.
Are influencers inciting their followers to buy counterfeit products?
Influencers have become one of the best ways to get your products sold online, and many brands invest millions into 'top-tier' influencers to promote their products. Unfortunately, this has created a situation where some influencers, knowingly or unknowingly, promote counterfeit goods.
Online selling of counterfeit goods – countering the courier
The considerable diversion of consumers from shopping malls to online trading platforms, further driven by the COVID-19 pandemic, presents huge challenges to authorities in stopping unlawful goods from being distributed. Amazon took welcome initiative last year when they filed two separate joint US law suits with Valentino and KF Beauty against 4 companies and 16 individuals for selling counterfeit versions of the last mentioned copied products on Amazon’s market place website.
