Although the crime of counterfeiting is as old as money itself, the significant increase in recent years is alarming stakeholders across the globe. As per estimates the global economic value of counterfeiting and piracy could reach US $2.3 trillion by 2022 (source:


With the increase in counterfeiting, the role of Authentication technologies, systems and solutions become important in supporting brand strategies, reducing the risk of fraud by deterring criminals and enabling stakeholders in identification, authentication and traceability.