Anti-Counterfeiting

Counterfeiting of goods is becoming a very huge problem for our society. It not only has a global economic impact, but it also poses a serious threat to our global safety and health. Currently, global economic damage across all industries due to the counterfeiting of goods is estimated at over $600 billion annually [2]. In the United States, seizure of counterfeit goods has tripled in the last 5 years, and in Europe, over 100 million pirated and counterfeit goods were seized in 2004. Fake products cost businesses in the United Kingdom approximately $17 billion [2]. In India, 15% of fast-moving consumer goods and 38% of auto parts are counterfeit. Other industries in which many goods are being counterfeit are the toy industry, content and software, cosmetics, publishing, food and beverages, tobacco, apparel, sports goods, cards, and so forth.