For any business or brand operating online, it is imperative that they know the importance of protecting themselves in this fast-moving digital realm. If a fraudster successfully fools shoppers into buying fake goods through hoax social media account...s or phishing emails, the impact it can have on both your brand’s reputation and its finances can be significant.
It’s one thing knowing all of this, but it is quite another to properly enforce online brand protection. A TechValidate survey carried out by ourselves late last year found that 96% of all brands surveyed cited effective enforcement as a critical challenge in protecting...Read More
MarkMonitor’s own investigative research specialist, Joshua Hopping, dives into a new generation of brand protection that equips firms with intelligence powerful enough to rip entire networks of cybercrime “out by their roots”.
Hopping leverages an a...dvanced form of “High-Value Targeting” (HVT), which zeroes in and takes down the most egregious infringers in bulk. While the methods he uses are newer to the brand protection industry — they are the “bread and butter” of this 13-year MarkMonitor veteran’s work. And it’s a critical component to taking action against a variety of cyber-criminals — from those peddling imposter baby formula to the fraudsters...Read More
Online counterfeiting is becoming increasingly problematic for businesses. There are more channels than ever before by which fraudsters can target consumers with fake goods. These channels range from online marketplaces to social media platforms, mak...ing it extremely difficult for the genuine brands to protect themselves effectively.
This problem is highlighted in a recent MarkMonitor barometer report, which found that almost one-quarter of all consumers have at some point unknowingly purchased counterfeit goods online. This fact is contributing towards the increase in the value of the global counterfeit market, which by 2022 is expected to reach US$2.3 trillion.
This influx of fraudulent...Read More
Online counterfeit networks are on the rise as it becomes easier and less time-consuming for criminal organizations to hide online. Globally, many of these organizations make use of online networks to not only to distribute counterfeit products but a...lso to hide from manufactures and distribute gray market products.
The Internet enables anonymity and many online activities are unregulated. For example, there are no checks in place to ensure website operators use their legal name, address or phone number. It is relatively quick and inexpensive to register multiple websites with different registrars worldwide. It has become common for many criminal networks who practice...Read More
Byzantine: something so complex that the average person can’t understand it.
Byzantine is the perfect way to describe many of the rules and regulations put out each year by various federal and state regulatory agencies. The financial industry, which ...includes banking, insurance and real estate, is right at the epicenter of regulatory oversite thanks to the Dodd-Frank Wall Street Reform Act and the formation of the Consumer Financial Protection Bureau (CFPB).
Advertising and consumer protection are two “hot button” areas for government regulators. New technologies such as social media and mobile devices have blurred the lines compared with the times in...Read More