To: Jan Crawley who wrote (32129 ) 1/1/1999 7:59:00 PM From: marion (Hijacked) Read Replies (2) | Respond to of 164684
Here is the article I mentioned: Tis the Season for Cyber Scams on Luxury Goods Cyveillance Says One in Five Sites Sells Counterfeit Goods Alexandria, VA - Cyveillance, the leading provider of Intelligent Internet Surveillance, today released a study of e-commerce sites indicating that an estimated 20,000-25,000 Internet sites are selling luxury consumer goods this holiday season, and between 10 percent and 20 percent of those are peddling counterfeit wares. These knock-offs and imitation goods are posing as elite brands such as Gucci, Coach, Calvin Klein and Rolex, to name a few. The study is based on a detailed analysis conducted by Cyveillance of more than 150,000 World Wide Web pages. “Children's toys are not the only items being counterfeited and sold over the Internet this holiday,” said Brandy Thomas, CEO and chairman of Cyveillance, whose patent-pending technology protects well-known brands against devaluation and loss of marketshare due to misuse on the Internet. “The Internet has become a hotbed for the sale of counterfeit luxury items that you might typically find on any street corner in New York City—watches, pens, sunglasses, leather goods, you name it. Like in the streets of New York, prices that seem too good to be true, usually are.” “The Internet is a powerful medium that currently reaches more than 100 million people,” said Christopher Young, Cyveillance president and COO. “With every click of the mouse, companies are increasingly at risk of losing significant marketshare due to brand confusion and devaluation of their image while cheap imitations become ever more accessible over the Internet. Internet pirates are costing companies billions by illegally distributing counterfeit versions of their products. An impending crisis awaits companies that don't act now to protect their valuable brands on the Internet as the Web continues to grow.” A study recently released by Dell Computer and Louis Harris & Associates found that 43 percent of Americans who use computers say they will likely shop online this holiday season, up 330 percent over last year. Additionally, Forrester Research predicts that online spending this holiday season will be $3.5 billion. Forrester also estimates that between 500,000 and one million sites are conducting some form of e-commerce. The online retail market is growing exponentially, exceeding 200 percent growth per year. “This problem is only going to get worse,” warns Thomas. “Buyers should beware this holiday season and throughout the calendar year, and companies should view this as a wake-up call. The Internet is currently not a safe place to conduct business.”