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Lynn O'Shaughnessy

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Counterfeiting is a major problem across many industries, and it's getting worse. According to Travis Johnson, Vice President and Director of Legislative Affairs and Policy for the International Anti-Counterfeiting Coalition, in the 30 years since the association was formed, there has been significant growth both in terms of volume and diversification of fraud items. "Back in the 1970s and 1980s counterfeiting was largely a concern for apparel companies and luxury goods brands," he says. "The stereotype of the fake handbag, or $20 Rolex that someone would be selling on the street corner. Since then we've seen the expansion of the counterfeiting problem into every possible product sector. We have members from the automotive section, the music industry, video games, movies, computer software - and pharmaceuticals. Any product sector you can think of, even things like ... (more)