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Posted on December 17, 2020 by Nick Farrell - News
The Alliance for Gray Market and Counterfeit Abatement (AGMA), a non-profit organisation focused on intellectual property (IP) protection for the high-tech industry is warning that the counterfeit and illicit market in It is getting out of hand.
The Alliance has issued a report titled, “Brand Protection Insights from Industry Leaders in Grey Market, Counterfeit and IP Fraud Mitigation”, which spotlights the trends and challenges related to counterfeit, fraud, grey market risk and prevention, and supply chain security that are impacting the high-tech sector.
The report notes that E-commerce has been on a rapid growth trajectory, providing a large conduit for fraud. Fraudsters are savvier, sharing information among each other and producing counterfeit at an accelerated pace. Brand protection programs are being impacted in ways they never imagined, with increasing scope and scale. Mitigating counterfeits, reducing channel gre
New Study Examines Evolving Challenges Posed by Counterfeit and Illicit Trade GlobeNewswire
2020-12-16
Report Commissioned by AGMA, FiveBy Solutions and De La Rue Spotlights Trends, Challenges Impacting Brand Protection Programs
WASHINGTON, Dec. 16, 2020 (GLOBE NEWSWIRE) The challenges posed to brand protection programs by counterfeit and illicit trade are pervasive, numerous and ever-evolving. Unraveling these challenges is a complicated task that the Alliance for Gray Market and Counterfeit Abatement (AGMA), a non-profit organization solely focused on intellectual property (IP) protection for the high-tech industry, risk intelligence services firm FiveBy Solutions and De La Rue PLC, a leading provider of product authentication solutions, have teamed up to tackle. The companies have issued a new report titled, “Brand Protection Insights from Industry Leaders in Gray Market, Counterfeit and IP Fraud Mitigation,â€
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