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" ... Electronic chip counterfeiting is now a multi-billion-dollar business. Counterfeiters operate by getting their hands on defective parts and packaging that is discarded in manufacturers’ trash or recycling bins. Consumers, manufacturers and small businesses are now suffering the ramifications of unknowingly selling and buying defective components. The only recycling done by counterfeiters is usually adding a fresh coat of paint on the defective parts with your company’s logo on it, along with an attractive price tag that makes it sell faster than toilet paper during a pandemic. ... "
" ... I am a university professor who has been studying crimes committed against businesses for over a decade. Through my appointments to the School of Criminal Justice and the Center for Anti-Counterfeiting and Product Protection at Michigan State University, I am involved in research, education, and community outreach activities. My product counterfeiting research explores the criminal structures that support product counterfeiting schemes, how counterfeit goods are sold on the Internet, and the impact of counterfeits on consumers and corporations. I earned a Ph.D. in Criminal Justice and an MBA from the University of Cincinnati. ... "
" ... In this conversation, the one thing some EMV implementations don't solve is card-not-present (CNP) fraud. This is the payment industry's term for online purchases using information from the card (its number, expiration and CVC) for validation. EMV cards allow for this, but they also typically don't leverage the chip and its protections for these types of transactions, so as EMV protections make card counterfeiting harder, cybercriminals will likely focus more heavily on CNP fraud as a result. ... "