The i-Technology Media!
Register | Log in
   
 
.NET  ·  AJAX  ·  CLOUD  ·  ECLIPSE  ·  FLEX  ·  OPEN WEB  ·  iPHONE  ·  JAVA  ·  LINUX  ·  OPEN SOURCE  ·  ORACLE  ·  PBDJ  ·  SEARCH  ·  SILVERLIGHT  ·  SOA  ·  VIRTUALIZATION  ·  WEB 2.0  ·  WIRELESS  ·  XML
Comments
Drool, Britannia? Is the UK Failing the Cloud?
By Roger Strukhoff
Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
Jan. 8, 2012 11:38 AM EST
read more & respond »
Cloud Expo on Google News
Did you read today's front page stories & breaking news?

Cloud Expo & Virtualization 2011 West
Keynotes
Oracle
Opening Keynote | An Enterprise Cloud for Business-Critical Applications
Abiquo
Day 2 Keynote | The Enterprise Cloud Tightrope - Balancing for Success
Akamai
Day 3 Keynote | The DNA of an Enterprise Cloud
DIAMOND SPONSOR:
Oracle
Many Clouds, Many Choices'Cloud
PLATINUM PLUS SPONSORS:
Abiquo
Enterprise Cloud Best Practices - Town Hall - Join the discussion…
PLATINUM SPONSORS:
Intel
Progressing Toward the Federated, Automated and Client-Aware Cloud
New Relic
How to build an app with Twitter-like throughput
Rackspace
Computing in the Cloud Era
GOLD SPONSORS:
Gale Technologies
Practical Cloud Migration
IBM
Re-think IT. Re-inventing Business.
Intel/McAfee
Identity Driven Security in the Cloud
PerspecSys
Hackers Hackers Everywhere, Is My Public Cloud That Safe?
Red Hat
Unlock the Value of the Cloud
SHI
Mission Critical Applications and the Cloud - Myth or Reality?
SoftLayer
Not Your Grandpa's Cloud
Terremark
Integrating Enterprise Clouds
VMware
Upgrade to a vCloud
POWER PANELS:
Cloud Expo Silicon Valley: CTO Power Panel
Cloud Expo Silicon Valley: CEO Power Panel
Cloud Expo Silicon Valley: Cloud SuperStars Panel
Cloud Expo Silicon Valley: CloudNOW Panel
Click For 2010 West
Event Webcasts
Cloud Expo & Virtualization 2011 East
DIAMOND SPONSOR:
Dell
Dell & VMware Deliver the Enterprise Hybrid Cloud
PLATINUM PLUS SPONSORS:
Abiquo
Are Financial Services Organizations Risking Security by Avoiding Cloud Computing?
Oracle
From Consolidation to Enterprise Private PaaS
PLATINUM SPONSORS:
Intel
Driving the Transformation to Next Generation Cloud Data Centers
Rackspace
The Inevitability of an Open Cloud
GOLD SPONSORS:
CA Technologies
Follow YOUR path to Cloud Computing
Interxion
Who Keeps the Cloud in the Air?
Microsoft
Patterns for Cloud Computing
PerspecSys
War in the Clouds: Are you ready?
ServiceMesh
The Big Win: Stop Playing Small-Ball with Your Cloud Strategy
Terremark
Evaluating Enterprise Clouds
Xiotech
Cloud Storage: Myths and Realities
POWER PANELS:
Cloud Expo New York: CTO Power Panel
Cloud Expo New York: CEO Power Panel
Cloud Expo New York: CMO Power Panel
Cloud Expo New York: Wrap-Up Power Panel
Click For 2010 West
Event Webcasts
Live Google News by SYS-CON!
Top Three Links You Must Click On


From the GovIT Blogosphere
GDS International Discovers Trends in Pharmaceutical Fraud
Drug Fraud is costing $300 Million a year

By: John Funnell
Dec. 3, 2009 04:00 PM

Counterfeiting is a major problem across many industries, and it's getting worse. According to Travis Johnson, Vice President and Director of Legislative Affairs and Policy for the International Anti-Counterfeiting Coalition, in the 30 years since the association was formed, there has been significant growth both in terms of volume and diversification of fraud items. "Back in the 1970s and 1980s counterfeiting was largely a concern for apparel companies and luxury goods brands," he says.

"The stereotype of the fake handbag, or $20 Rolex that someone would be selling on the street corner. Since then we've seen the expansion of the counterfeiting problem into every possible product sector. We have members from the automotive section, the music industry, video games, movies, computer software – and pharmaceuticals. Any product sector you can think of, even things like toothbrushes and shampoo."

Johnson says that internationally, across all industries, the estimates of the value of counterfeit trade range from over $200 billion a year, to as high as $700 billion a year and the Pharmaceuticals industry is great example. "You wouldn't normally expect to see someone selling prescription drugs unless they're a pharmacist, no matter what the outlet, whether it's a bricks-and-mortar traditional type store or over the internet. If you buy prescription drugs over the internet without a prescription, that's an obvious tip-off that it's not a legitimate product. They're either selling counterfeit product, or stolen or misdirected product. In any case it's a product that you have no way of knowing whether it was properly stored whether it's been tampered with or diluted. Many people think they're getting a good bargain and don't really consider all of the other facts, unfortunately, sometimes with very bad consequences."

Johnson feels that the situation for counterfeit pharmaceuticals is at a bit of a crossroads. Laws around the world have improved and the industry has made a major forward in acknowledging and addressing the problem. He does believe, however, that there are areas require additional focus on in the coming years.

"One of the main areas we need to look at is continuing to educate the public. Last year in the US, approximately $30 million worth of counterfeit pharmaceuticals were intercepted by customs out of $300 million in total counterfeit goods that came into the country. Some of the economic estimates for the actual total market for counterfeit goods in the United States is upwards of $200 billion.

"We need to bring the message to consumers about all the reasons why they should not be supporting counterfeit fraud, whether it's their own health and safety, or the fact that people are losing their jobs, or the impact on the economy. By doing that, we can make a real impact on the spread of counterfeiting.”

Published Dec. 3, 2009— Reads 2,063
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
Related Stories
▪ Second Successful Aegate Pilot Confirms Potential to Combat Pharmaceutical Fraud Using a Global System
▪ 41st Parameter Presenting at Private Label Round Table Conference on Combating Fraud
▪ Trends in Bank Fraud: New Fortent White Paper - 'Winning the War Against Financial Fraud' - Outlines Latest Challenges for Banks
About John Funnell
John Funnell has worked in online media for over ten years, after achieving his First Class BSC Hons Degree (BBC Sponsored), John won Bos 18-21 Princess Trust Entrepeneur of the year at 21, setting up Clean Living Records Ltd (including www.BeatReview.com) with great success having many acts that charted in Europe and Canada. After selling the business John looked for a new challenge and joined GDS International, having a successful career in sales and Delegate acquisition, he worked up to Event Director EMEA, forging contacts with some of the biggest technology names in the world, this lead to John having a lead role in the creation of MeettheBoss.com and MeettheBoss.tv – the worlds largest business IPTV channel. John then took over as Marketing and Communications Director and ran a multifaceted global Marketing team for GDS International in New York, Sydney, Kuala Lumper and the UK.. John joined Global in 2011 with the challenge of supporting its growth by developing a solid Marketing foundation through various Digital, PR and brand initiatives.

Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021

SYS-CON Featured Whitepapers

ADS BY GOOGLE

Breaking Java News
Mendor Announces Partnership with Merck Serono Ltd in the UK
Teva UK Limited Launches Generic Donepezil Tablets and Donepezil OD Tablets
Mendor Announces Partnership with Merck Serono Ltd in the UK
AWT Launches GlobalView Fleet Management 2.0, Offers Port Forecasts, Ice Concentrations and Bunker Pricing
"Four Seasons Hotel Tokyo at Chinzan-so" and "Chinzanso" to Be Reborn as "Hotel Chinzan-so Tokyo" in January 2013, Providing World-Renowned "Japanese Hospitality"
QuoteMeToday Respond to Growing Motor Trade Industry in USA
Bombardier Increases Commercial Aircraft Sales and Marketing Support to the Asia-Pacific Region
AFG Flameguard Issues Private Placement Shares, Makes Change on Board and Reports on Deployments
Replay of TigerLogic's Earnings Call for the Third Quarter of Fiscal 2012 Held on Monday, February 13, 2012

ADVERTISE   |   MAGAZINE SUBSCRIPTIONS   |   FREE BREAKING-NEWSLETTERS!   |   SYS-CON.TV   |   BLOG-N-PLAY!   |   WEBCAST   |   EDUCATION   |   RESEARCH

.NET Developer's Journal - .NETDJ   |   ColdFusion Developer's Journal - CFDJ   |   Eclipse Developer's Journal - EDJ   |   Enterprise Open Source Magazine - EOS
Open Web Developer's Journal - OPENWEB   |   iPhone Developer's Journal - iPHONE   |   Virtualization - Virtualization   |   Java Developer's Journal - JDJ   |   Linux.SYS-CON.com
PowerBuilder Developer's Journal - PBDJ   |   SEO / SEM Journal - SJ   |   SOAWorld Magazine - SOAWM   |   IT Solutions Guide - ITSG   |   Symbian Developer's Journal - SDJ
WebLogic Developer's Journal - WLDJ   |   WebSphere Journal - WJ   |   Wireless Business & Technology - WBT   |   XML-Journal - XMLJ   |   Internet Video - iTV
Flex Developer's Journal - Flex   |   AJAXWorld Magazine - AWM   |   Silverlight Developer's Journal - SLDJ   |   PHP.SYS-CON.com   |   Web 2.0 Journal - WEB2
Apache   |   CMS   |   CRM   |   HP   |   Oracle Journal   |   Perl   |   Python   |   Red Hat   |   Ruby on Rails   |   SAP   |   SaaS

SYS-CON MEDIA:   ABOUT US   |   CONTACT US   |   COMPANY NEWS   |   CAREERS   |   SITE MAP
SYS-CON EVENTS:   |  AJAXWorld Conference & Expo  |  iPhone Developer Summit  |  Cloud Computing Conference & Expo  |  SOA World Conference & Expo  |  Virtualization Conference & Expo
INTERNATIONAL SITES:   India  |  U.K.  |  Canada  |  Germany  |  France  |  Australia  |  Italy  |  Spain  |  Netherlands  |  Brazil  |  Belgium
 Terms of Use & Our Privacy Statement     About Newsfeeds / Video Feeds
Copyright ©1994-2008 SYS-CON Publications, Inc. All Rights Reserved. All marks are trademarks of SYS-CON Media.
Reproduction in whole or in part in any form or medium without express written permission of SYS-CON Publications, Inc. is prohibited.
 
close this window