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Online pharmaceutical sector thought to be worst affected, with counterfeits at a third of the entire market.
December 7, 2015
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
Counterfeiting is a huge concern for consumers, and the problem is getting worse. It’s one thing to buy a fake designer handbag or pen, but another issue altogether when it comes to pharmaceuticals. “Counting the Cost of Counterfeiting,” a report by NetNames, an online brand protection company, puts the global cost of counterfeiting at $1.8 trillion. That would be approximately 2% of global economic output. NetNames reports that the sale of online counterfeit products rose 15.6% globally in ...
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