Cracking Down - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications
News
9/26/2005
12:00 PM
Connect Directly
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%

Cracking Down

Theft of intellectual property costs U.S. businesses around $250 billion annually, as well as 750,000 American jobs. Globally, trade in illegitimate goods is worth more than $600 billion a year. "There are countries where 90% of the software that you buy, 90% of the movies, [and] 90% of the music is counterfeit," U.S. Commerce Secretary Carlos M. Gutierrez said last week as he launched initiatives to fight intellectual-property theft.

Many buyers of pirated DVDs and designer knockoffs can't afford full price for the real thing, making the real damage done to the industry tough to pin down. Still, the Bush administration wants to make it harder for them to find cut-rate copies. It plans to appoint IP-rights experts in countries where such theft is endemic, such as Brazil, China, India, and Russia; create the Small Business Outreach program to help U.S. companies understand how they can protect their intellectual assets; and support a Global Intellectual Property Academy to educate foreign officials.

Convincing foreign officials to crack down on such theft, however, won't be easy.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Commentary
Gartner Forecast Sees 7.3% Shrinkage in IT Spending for 2020
Joao-Pierre S. Ruth, Senior Writer,  7/15/2020
Slideshows
10 Ways AI Is Transforming Enterprise Software
Cynthia Harvey, Freelance Journalist, InformationWeek,  7/13/2020
Commentary
IT Career Paths You May Not Have Considered
Lisa Morgan, Freelance Writer,  6/30/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
Slideshows
Flash Poll