In its latest study, EUIPO estimates the loss due to product piracy at 60 billion euros for Europe's most important economic sectors. In Germany alone, 7.16 billion euros in losses were incurred last year.
The Hong Kong Customs Department uses a supercomputer with artificial intelligence to discover Internet shops with counterfeit goods. The computer makes the work of the customs officials more effective and efficient - about one third of the confiscated goods can be accounted to the supercomputer.
Important blow to product piracy on Social Media: In the biggest action of its kind so far, Europol and EUIPO have seized 20 000 counterfeit products and blocked 1 000 user accounts. But the internet continues to be a driver of illegal trade.