Hyderabad police arrests person for duping people with fake mobile phones

Police officials recently arrested a person who used to sell fake mobile phones to people. The accused used to lure gullible people under the guise of selling mobile phones and later replaced them with glass replicas.

After getting to know about the incident police in the locality of Abids got into action and nabbed the person. The 33-year old accused person has been identified as Md. Sameer.

According to police officials, the accused had informed the complainant Rohit Singh that he was from Haryana and had lost his wallet. He was in urgent need of money and therefore wanted to sell his mobile. To make it look convincing the accused also showed his purchase bill.

Seeing it as a lucrative offer, the victim expressed the willingness to buy the mobile. However, the accused after taking the money handed over a pouch stating that the mobile phone was inside and later disappeared from the location.

Moreover, the accused in some cases replaced the phone in the pouch with another glass object resembling it.

In his confession statement, the accused revealed that he had committed similar crimes in Bangalore, Kochi, and Chennai. The accused was earlier arrested by the Chennai police.

The incidents of fake mobile phones have increased in large numbers, earlier in the month of December authorities confiscated fake Xiaomi phones worth 13 lakh in Karol Bagh New Delhi.

Source: Deccan Chronicle

UK authorities seize fake Gucci, Burberry, Nike & Apple goods before Christmas

In a recent drive against fake products, border police officials in UK seized thousands of imitation products originating from China. The total value of seized products is estimated to be around £3mn.

Last month, officials confiscated 1,300 scarves which were allegedly being sold by brand names like Chanel, Burberry, and Gucci. Fake scarves with an overall value of £904,775 were confiscated at the London Gateway Port. In addition, counterfeit North Face jackets, Levi t-shirts, and Lyle & Scott jumpers were confiscated from the same site.

In the area of Milton Keynes, hundreds of fake bags of Gucci, Yves Saint Laurent and Versace, duplicate sneakers of Converse and Nike were seized by the authorities. Almost £300,000 worth of bedding marked with the Gucci, Chanel, and Versace logos have been seized at the same centre, as have £778,000 of fake Beats and Apple headphones. Also, more than 200 Estee Lauder skincare sets have also been confiscated at Heathrow Cargo.

In order to check the sale of counterfeit products border, police officials check the product’s genuineness with the brand owners. Any product found to be fake is destroyed after which the right holders decide whether to pursue a private prosecution against the importers or not. Commenting on the incident Security Minister Brandon Lewis said, “People who deliberately buy fake products are supporting serious and organized criminals.”

Source: news.sky.com

The rising problem of knowingly buying fakes

The world is flooded with counterfeit products of all kinds, from fake Louis Vuitton bag to phoney Tissot watches, counterfeit Cartier pens to duplicate Adidas sneakers, fake Apple devices to fake MAC makeup kit- the list seems endless.

However, counterfeiting not just impacts luxurious brands but also affects those products which are affordable for the common man. With the growth of online trade, a large number of fake products and accessories are being sold online. Of late, global e-commerce giants like Amazon and Alibaba are suffering from the menace of counterfeit goods.

According to a report by Research and Markets, the global value of counterfeiting has reached a monstrous value of more than $1 trillion.

Impact of buying decisions on counterfeiting

Consumers play a major role in the impact of counterfeiting. While numerous buyers are being duped with fake products, there are many who knowingly buy fakes.

A recent report by OECD states that a large number of buyers in the UK were knowingly buying fakes. The report states, “Bulk of purchases of fashion and luxury-specific fakes did not occur by chance. Instead, nearly 60% of purchases of counterfeit fashion items in the UK were done intentionally by consumers who knew that they were buying fakes.”

According to a survey conducted by Civic Science in the US, “Around 10% of respondents had purchased a counterfeit knowingly.”

Over the years, there are many factors that have contributed to the rising consumer trend of knowingly buying fakes. Some of them are a rise of social media influencers, pop culture and a personal likeness for brands and luxurious goods. In a scenario when the common man is not able to purchase original costly items, he or she resorts to buying fake items- for fulfilling the desire.

The problem due to knowingly buying counterfeits

No wonder, there are numerous problems caused due to fake goods, however, in most cases, a consumer is not aware if he or she is buying a counterfeit or not.

The problem of knowingly buying fakes is a grave concern because in this scenario the consumer is promoting the sale of counterfeits. In such a case, awareness regarding fake brands turns futile and manufacturers are not able to take concrete action.

To deal with the same, strict regulatory measures should be implemented which prevent the sale of counterfeits on all the platforms. Moreover, manufacturers should resort to secure packaging solutions for enhanced supply chain security and inventory visibility.

Holostik’s anti-counterfeiting solutions

Holostik is a leading player in catering wide variety of anti-counterfeiting and IT-enabled supply chain solutions. Our products like security holograms, security labels, wads, shrink sleeves combined with digital authentication help in preventing counterfeits and the safety of the supply chain.

To know more about solutions, you can call us on +91–785-785-7000 or drop us a mail at connect@holostik.com

Cisco wins injunction against fake Chinese counterfeits

Cisco Systems the American multinational technology conglomerate won a temporary injunction against four Chinese companies that were counterfeiting its transceivers.

The case against Chinese companies was filed in a federal court in New York. It was mentioned in the suit that the counterfeit gear threatened U.S national security and health systems because they were not secure and would fail frequently.

Cisco’s transceivers are used in networks to pass data involving corporate data centers, hospitals, and military bases. The injunction would stop Amazon and Alibaba Group Holding from selling phony devices.

According to the Wall Street Journal, “Cisco is trying to use the ruling to motivate other suppliers to build an industrywide effort to curb the sale of fakes.” The injunction targeted four Chinese manufacturers namely Shenzhen Tianheng Network, Gezhi Photonics Technology, Shenzhen Sourcelight Technology, and Dariocom.

According to a San Francisco based consultancy, “The four Chinese companies account for more than half of the fake transceiver market.”  An industry report states that the global transceiver market is estimated at around $7 billion in 2018. As per counterfeit experts, the counterfeits account for around 5% or more of the tech equipment sales.

Besides freezing fake Cisco products on Alibaba, Amazon, and eBay, “the injunction also freezes assets owned by Chinese companies.” The duplication of Cisco products goes back to the year 2003 hen the company took action against Huawei for counterfeiting its router software. Later the patent infringement suit was dropped but later Huawei admitted that some software was copied from Cisco.”

In 2010, the Justice Department and Department of Homeland Security confiscated worth $143 million of fake Cisco networking gear manufactured in China.” In the recent case engineers from Cisco tested transceivers from the four companies and determined they were fake.

Source: ETcentric.org

 

Man orders iPhone on Flipkart, gets a counterfeit instead

In the last few years, counterfeiting on e-commerce portals has grown manifolds. The internet is flooded with all kinds of fake and substandard goods. In a recent incident of counterfeiting, a Bengaluru based man received a fake iPhone instead of iPhone 11 Pro that he ordered on Flipkart.

According to International Business Times, Rajani Kant Kushwah ordered iPhone 11 Pro on the famous e-commerce website Flipkart. He made a payment of Rs 93, 900 after a discount expecting that the phone would be delivered without any hassles. However, when he received the phone, he was shocked to know that the phone was a counterfeit.

As per IBT, Kushwah got a counterfeit iPhone with a sticker of the iPhone 11 Pro triple camera setup affixed on the back of the phone.

The counterfeit phone delivered to Kushwaha looks exactly like the phone he had ordered. However, on looking closely one can distinguish between the two. The counterfeit version has the camera lenses and the rear camera module highlighted through a silver lining, however, the rear camera module in iPhone 11 Pro softly blends into the back, making it appear like a single unit.

Rajani Kant said that he got the wrong phone on which the iOS was not running, moreover, it had android apps mixed with the phone’s system. Thereafter, he contacted Flipkart regarding the matter, after which the company assured him that the phone would be replaced soon.

In a similar incident last year, a Mumbai based man ordered iPhone 8 on Flipkart for which he made a payment of Rs 55,000 online. However, he got a detergent bar in the delivery box.

Source: Indiatoday.in

The growing challenge of counterfeiting in the FMCG industry

Of late, the FMCG sector has been suffering from the problem of counterfeiting. As per a report by FICCI CASCADE around 35% of FMCG items are fake. The study also reveals that around 80% of consumers believe that they are buying genuine goods.

The growth of fake goods in the FMCG sector has had an impact on both consumers and producers. While the manufacturers suffer from a tarnished brand image and low sales the consumer is at the risk of losing money and a bad impact on his or her health. He also says that unscrupulous manufacturers are also detrimental to the national economy.

Counterfeiters also repackage fake goods to make them visually similar to the genuine ones. It has been seen that old plastic water bottles are being repackaged and sold in the market, the same is the case with many other goods. Such deceptive duplication leads to a loss of consumers and brand owners as well.

In India, a large number of the population settled in rural parts of the country suffer from rampant counterfeiting of FMCG goods. With a little check of authorities and poor regulation and manufacturing guidelines counterfeiting is easily slipping in the pockets of the common man.

Advancements in technology and easy procurement of the same have made it possible for counterfeiters to establish little backyard factories and hubs for the manufacturing of duplicate items. It has also been observed that counterfeiters are making fake labels and packaging to dupe consumers. In the year 2014-2015 sale of FMCG, tobacco and alcoholic beverages constituted 65 percent of the total sales.

Holistik provides customized anti-counterfeiting, packaging and labeling solutions to deal with the problem of counterfeiting in the FMCG sector. To know more about our unique anti-counterfeiting solutions call us on +91–785-785-7000 or mail us at connect@holostik.com.

FDA finds traces of Asbestos in Johnson & Johnson’s baby powder

In a latest trouble for Johnson & Johnson, the international giant that manufactures medical devices, pharmaceutical and consumer packaged goods, the Food and Drug Administration has found traces of toxic asbestos were found from a bottle purchased in the US.

This is not for the first time that J&J has been caught for using asbestos. Last year, the Drug Controller General of India (DCGI) has ordered the company to stop using talc from its plant in Mumbai and Himachal Pradesh.

In the latest development, J&J is voluntarily recalling its lot which consists of 33,000 bottles and has urged the customers who bought the product not to use them.

The company is also claiming that the company is cooperating with the FDA to investigate how and when the product was contaminated.

FDA has further recommended the consumers to stop using the lot immediately and ask for a refund from J&J. The FDA had tested another lot of J&J’s baby powder which was negative for asbestos.

Source: ibtimes.com

The use of integrated anti-counterfeiting technology against fake products

The value of global counterfeiting has reached to trillions of dollars. Not just developed nations but also the developing countries are facing the problem of fake products. Counterfeiting leaves a negative impact on the government exchequer, company’s profits and the consumers. In the past few years, government authorities and companies are taking stringent measures against counterfeiting.

E-commerce giants like Amazon and Alibaba have initiated anti-counterfeiting measures to deter counterfeiters from selling fake products on their platforms. Governments across the world have also implemented strict laws to deal with counterfeiters and their chain of networks. We regularly come across news from different parts of the world about the seizure of counterfeit or fake products by authorities.

The growth of counterfeiting has drastically changed the use and implementation of different anti-counterfeiting technologies. As forgers and counterfeiters use more sophisticated technology to copy the product and its packaging, it has become imperative to use new measures against them.

The integration of different anti-counterfeiting technologies is gaining immense popularity amongst manufacturers and other stakeholders of the supply chain. The fusion of holography along with digital authentication has made products highly secure against the threat of duplication. Holostik is a renowned name in the field of anti-counterfeiting technologies.

We believe in constant R&D and innovation to stay ahead of counterfeiters. Our smart security holograms and security labels are the perfect examples of integrated anti-counterfeiting solutions. In these anti-counterfeiting products, we have collated the efficacy of OVD with the prowess of QR/bar code.

Acting as a double-edged sword against counterfeiting our integrated solutions provides a two-level of authentication, making it highly impossible to replicate our features. Today, we are providing a wide range of anti-counterfeiting products and solutions to more than 10,000 clients in 75+ countries. If you want your products to remain safe from the problem of counterfeiting then call us on +91–785-785-7000 or mail us at connect@holostik.com.

What are the reasons behind the growth of counterfeiting in India?

In the past few decades, there has been an enormous growth in the field of innovation and technology in India. This is further supplemented by the rising impact of globalization and an increase in spending power of the average consumer. However, the scenario has brought along many problems.

Among the many problems, the menace of counterfeiting is growing on a humungous scale. The current value fake products in India has reached more than 1 lakh crore annually.

Counterfeiting also referred as piracy in common trade parlance mean the unlawful acquisition by a person of the property of another person without his consent. Counterfeiting includes forgery of currency, documents, software, pharmaceuticals, jeans, watches, electronics and company logos and brands.

So, what are the reasons behind the growth of counterfeiting in India, let’s discuss:

  • Lack of knowledge about fake products: In India, one can find fake products anywhere. From street shops to malls, e-commerce to retail outlets, counterfeit products can be found anywhere. Consumers in India have little or no awareness related to product authentication, so they are duped with fake items umpteen times.
  • Lack of use of anti-counterfeiting solutions: Despite heavy losses many companies don’t take the problem of counterfeiting seriously and remain susceptible to the losses due to fake products. Anti-counterfeiting solutions like security holograms, security labels, holographic shrink sleeves, holographic strips can secure products from the problem of counterfeiting.
  • Poor intellectual property laws and regulations: India still suffers from weak laws related to counterfeiting. In absence of stringent laws, forgers find it easy to sell of their fake products in the market.

Established in the year 1991, Holostik India Ltd. is a leading manufacturer of customized anti-duplication solutions with the aim of securing products and industries. The company offers security holograms, security labels, revenue stamps, hot stamping foils, wads, shrink sleeves etc. along with digital product authentication, supply chain management, track & trace, reward management and much more. Holostik has 5 state-of-art manufacturing facilities with most advanced industry certifications. In 28 years of its legacy, Holostik has catered to 10,000+ clients from different industries and has worldwide outreach in 75+ countries.

 

 

 

How does counterfeiting affects the economy?

Counterfeiting is a trillion-dollar illegal business having its presence in almost every part of the world. Today, counterfeiting is posing a threat to not just the consumers but also to the economic growth of the nations.

The menace of counterfeiting has reached a global value of trillions of dollars. Counterfeit products are not just posing a threat to the legitimate manufacturers but also to consumers. We often come across news reports from different parts of the world where consumers have been badly affected by fake products.

As per a joint report by OECD and EUIPO, “Global sales of fake and pirated goods have soared to 460 billion euros ($522 billion) a year, amounting to a whopping 3.3 percent of world trade.” The report also states the nations most affected by counterfeiting which includes the United States, Japan, South Korea, and the EU states. However, the effects of counterfeiting are not just visible in developed countries but are also hampering the growth of the developing world.

According to ASPA the value of counterfeiting in India has reached one lakh crore annually and is causing big trouble to the national economy.

Let’s discuss some of the negative impacts of counterfeiting on the economy of the country.

  • Evasion of taxes: The growing counterfeit products industry thrive in the market without paying taxes to the government. Unlike genuine manufacturers, they evade taxes that are necessary for the government exchequer. This prevents the government to sufficiently spend on welfare projects and schemes.
  • Rise in unemployment: Counterfeit products cause monetary losses to the manufacturers. Due to the slowdown, they are not able to recruit new employees. The financial instability of the industries creates massive unemployment which is linked indirectly to the problem of fake products.
  • Diminishes foreign investment: It has been generally seen that countries with weak IP laws and poor regulatory measures become the breeding ground for counterfeit activities. Such countries blur their chances of foreign investments. Counterfeiting diminishes the chances of foreign direct investments and thus block the economic growth of a country.
  • Promotes other black-market activities: Counterfeiting fuels other black-market activities and is a lucrative business for organized criminals. With the money acquired from the sale of counterfeits, they fund their vast network, which is involved in drug trafficking, human trafficking, illegal arms, prostitution, etc.

Finally, we can conclude that counterfeiting has multiple negative effects, which are very harmful to the economic growth of the country if not checked on time by authorities and the respective governments of their countries.

To get the best anti-duplication and products and solutions call us on +91–785-785-7000 or mail us at connect@holostik.com.