Counterfeit Goods Are a $460 Billion Industry, and Most Are Bought and Sold Online
Footwear, electronics and eyeglasses top the knocked-off product list
Consumers spend $460 billion on counterfeit goods every year.
Getty Images
According to the International Trademark Association, $460 billion worth of counterfeit goods were bought and sold last year. Not surprisingly, much of it happened online. “The internet makes it easy to hide,” said INTA anti-counterfeiting coordinator Tiffany Pho.
This story first appeared in the February 13, 2017, issue of Adweek magazine.
Click here to subscribe.
