Electronics & Industrial

• OECD gauges impact of counterfeits on UK economy

  20-Nov-24 - In 2021, the value of fake and pirated goods imported into the UK amounted to £7.1bn, 1.5 per cent of the total.

• Michael Schmid elected new president of Eurojust

  13-Nov-24 - Schmid will take up office on November 15 for a four-year term, replacing current president Ladislav Hamran.

• Brand protection firm Ennoventure raises $8.9m

  12-Nov-24 - Cash injection will help the company expand its AI-powered authentication platform on the international stage.

• Volvo patents counterfeit battery detection tech

  07-Nov-24 - Fake batteries pose serious health and safety risks, damage the environment, and cost industry billions of dollars a year.

• TikTok Shop publishes first IP rights report

  05-Nov-24 - Company has also taken issue with calls to include its marketplace in the forthcoming 2024 Notorious Markets list.

• Enforcement op recovers stolen car parts in Bulgaria

  30-Oct-24 - Almost all of the parts, worth several million euros, were found at a warehouse in the Bulgarian capital Sofia.

• Russia 'aiding Houthi Red Sea attacks;' report

  29-Oct-24 - Russia provided targeting data for the Houthis as they attacked ships with missiles and drones, it is claimed.

• EUIPO study reveals €2bn fake good seizures in EU

  25-Oct-24 - Europol-partnered report says that counterfeits are estimated to account for 5.8 per cent of EU trade.

• Cisco confirms data breach and launches investigation

  21-Oct-24 - Notorious hacker IntelBroker claimed responsibility for the attack, which Cisco said involved a "small number" of files.

• Fake, unsafe Dyson hairdryers seized in UK

  17-Oct-24 - Testing by Suffolk Trading Standards revealed the counterfeits posed a risk of electric shock and fire.

• De La Rue agrees authentication unit sale to Crane NXT

  15-Oct-24 - The takeover comes just a few months after Crane NXT completed the acquisition of OpSec for $270m.

• Irish police make 2nd arrest in €10m fake phone scam

  14-Oct-24 - The Garda investigation is focusing on an estimated €10m fraud against an unnamed phone company.

• Diamond traceability, ESG system to launch next year

  14-Oct-24 - Certification system will combine traceability and sustainability, say developers SCS Global Services and iTraceiT.

• Chinese men must pay $1.4m to Apple for fake iPhone scam

  09-Oct-24 - Haotian Sun and Pengfei Xue were also sentenced to lengthy prison sentences after being convicted of mail fraud.
• sponsored

  New technology from Securikett enhances protection in online commerce

  03-Oct-24 - Cutting-edge security labels are designed specifically for online shipping, offering immediate detection of any tampering or unauthorized removal.

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