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MarkMonitor and The Steele Foundation Join Forces to Fight Counterfeit and Gray-Market Activity.


Alliance Applies Online and Physical Countermeasures That form of military science that, by the employment of devices and/or techniques, has as its objective the impairment of the operational effectiveness of enemy activity. See also electronic warfare.  to Protect Brands, Reputations and Revenue

SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden  -- MarkMonitor[R], the global leader in enterprise brand protection, and The Steele Foundation[TM], a longtime provider of global investigative and risk management solutions, have formed a strategic alliance to provide businesses with a comprehensive solution to the surge of costly counterfeit, piracy and gray-market crime. By spanning both the virtual and physical marketplaces, this unique solution gives businesses a seamless set of tools to prevent, identify and combat threats to brand integrity both online and on the ground in countries around the world.

"Companies of all sizes are experiencing an increase of counterfeits in online auctions and gray-market diversions, which conspires to undermine channel distribution strategies, as well as consumer trust and safety," said Irfan Salim, chief executive officer at MarkMonitor. "By joining service offerings, MarkMonitor and The Steele Foundation provide the means to identify illegal sales, validate the legitimacy of products sold online and the capability to launch international physical investigation teams to track and take down illegal product distribution activities associated with this type of brandjacking."

By joining forces, MarkMonitor and Steele enable businesses to pinpoint the sources of Internet-based counterfeit and gray-market crime as well as the ability to track and redress these ongoing problems at the source. Services offered jointly by Steele and MarkMonitor include the Mark Monitor Online Channel Protection[TM] solution, which tracks and flags suspicious online activity, and The Steele Foundation's Global Rapid Response[TM] operations centers The facility or location on an installation, base, or facility used by the commander to command, control, and coordinate all crisis activities. See also base defense operations center; command center. , which monitor all flagged online activity around the clock and deploy locally based field investigators with specialized forensic and intelligence capabilities. Together, this alliance allows for an end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved.

Compare: turn-key solution.
 providing businesses the ability to create an integrated plan to track down and combat counterfeiting, unauthorized distribution, out-of-compliance distributors and product diversion at every point of the market lifecycle. MarkMonitor and Steele further offer services and data in support of criminal enforcement and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
.

"When it comes to fighting brand fraud, criminal enforcement has much greater long-term impacts compared to administrative enforcement, which usually leads only to seizure of fake products and payment of modest fines," said Kenneth Kurtz, chief executive officer at The Steele Foundation. "What we are offering with the combination of MarkMonitor and The Steele Foundation is a way for business leaders to protect consumer interests and safety by taking back control of their brands. Without a comprehensive solution heavy on data, forensics See computer forensics.  and enforcement, the task is much more difficult."

Background Information

* Figures from the World Customs Organization The World Customs Organization (WCO) is an intergovernmental organization that helps Members (Governments usually represented by Customs administrations from 170 countries) communicate and co-operate on customs issues.  and Interpol put the total global trade in illegitimate goods at more than $600 billion a year.

* Intellectual property theft costs U.S. companies an estimated $250 billion annually in sales, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the U.S. Commerce Department. These sales include highly sought after consumer and business-to-business product brands that normally command a premium in the legitimate marketplace.

* Counterfeit pharmaceuticals are a $32 billion industry representing 10 percent of the global market, according to the U.S. Food and Drug Administration.

* Counterfeiting costs auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
  • Air filter
  • Automobile self starter
  • Bell housing
  • Brakes
  • Bucket seat
  • Bumper
  • Buzzer
  • Battery
 suppliers $12 billion in sales annuals ($3 billion in the U.S.) on everything from brake pads to wheel covers, according to the U.S. Chamber of Commerce The U.S. Chamber of Commerce is the world's largest not-for-profit federation of businesses, representing more than 3 million businesses and organizations in the United States. As of 2003, the chamber was comprised of 3000 state and local chambers and 830 business associations. .

About MarkMonitor

MarkMonitor, the global leader in enterprise brand protection, offers comprehensive solutions and services that safeguard brands, reputation and revenue from online risks. With end-to-end solutions that address the growing threats of online fraud, brand abuse and unauthorized channels, MarkMonitor enables a secure Internet for businesses and their customers. The company's exclusive access to data combined with its real-time prevention, detection and response capabilities provide wide-ranging protection to the ever-changing online risks faced by brands today. For more information, visit www.markmonitor.com.

About The Steele Foundation

The Steele Foundation is a longtime global provider of investigative, security and consulting services for multinational Fortune 500 companies, as well as small- and mid-sized businesses, governmental and nonprofit organizations Nonprofit Organization

An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well.

Notes:
Examples of non-profit organizations are charities, hospitals and schools.
. With regional offices in 18 strategic locations around the world, Steele's solutions respond to the complexity of doing business in today's fluid, outsourced marketplace. Specialized local expertise includes intellectual property and brand protection, compliance auditing, forensic accounting Forensic accounting, sometimes called investigative accounting, involves the application of accounting concepts and techniques to legal problems. Forensic accountants investigate and document financial Fraud and white-collar crimes , due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired.  and background investigations, incident management, emergency response and executive protection.

With nearly 20 years of experience in the field and an international roster of top experts from a range of relevant disciplines, Steele sets the industry standard for innovative, professional and highly personalized per·son·al·ize  
tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es
1. To take (a general remark or characterization) in a personal manner.

2. To attribute human or personal qualities to; personify.
 crisis and risk management throughout the enterprise. For more information, visit www.steelefoundation.com.

MarkMonitor[R] is a registered trademark of MarkMonitor, Inc. All other trademarks included herein are the property of their respective owners.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 23, 2007
Words:768
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