Counterfeiting is an age-old hazard for businesses. It hampers the revenue flow and causes financial losses. The reputational damage it causes to brands is even bigger.
Pirates are a big threat to businesses even in today’s age of non-fungible tokens (NFTs) and digital currencies. While technology is smart, scamsters are getting smarter with equal finesse. Look at NFTs. The very concept of NFTs is uniqueness and non-fungible. However, fraudsters often find a way around it to deceive gullible victims.
Counterfeits are rampant in pharma,…

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