Innovation Asset Blog

IP crime up, but some some progress being made

The IP Crime Group, an organization focused on studying and assessing theft of intellectual property, recently reported that while IP crime continues to grow, some steps have been made to curb it.

The primary improvements come in the frequency with which arrest leads to conviction. According to the IP Crime Group's study, 75 percent of all arrests for criminal copyright theft result in conviction. Additionally, 80 percent of all cases involving the theft of any form of IP result in a plea bargain.

However, the amount of IP theft and copyright infringement rampant on the web continues to grow. Despite urging from government and industry heavyweights, web users have not ceased buying and selling protected materials illegally.

"The selling of counterfeited goods and pirated material harms the U.K. economy, while some fake goods can be dangerous to unwary consumers," IP minister Judith Wilcox said in a release.

"We are witnessing a wider range of fakes, including medicines, alcohol and electrical goods. However, the government is committed to tackling these issues," she continued.

Government officials in both the U.K. and the U.S. have pledged to police IP crime adamantly in recent years. However, at least in the U.S., political disagreements have led to the delay of legislation that would allow them to do so.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.