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Inside Internal Controls

News and discussion on implementing risk management

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intellectual property theft

Bill aims to curtail trade in counterfeit goods

The federal government has introduced a Bill to make it more difficult to export, import and sell counterfeit goods, and to expand on what may be registered as a trademark and simplify the registration process. The proposed Combating Counterfeit Products Act (Bill C-56) would amend the Copyright Act, the Trade-marks Act, the Criminal Code of Canada and other Acts.

 

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The new fraud: where is it coming from and what does it mean?

Businesses can be the target of fraud in numerous ways and from numerous sources. Anyone who does business with an organization is an obvious risk—suppliers, clients, employees, executives—the high profile fraud cases of recent years have mainly been internal. But increasingly, fraudsters have no connection to the organizations they target. They may be after credit card numbers, personal information, cash or goods, and they’re using methods beyond the understanding of the average businessperson. Organizations that do a significant amount of business online must be particularly careful.

 

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