Are you a petrol head and love modifying your car? Do you like going for cheaper mods or you value quality to ensure the safety of your car? Well, the market is flooded with millions of car mods that are popular among race heads.
Wheel mods are one of the most striking features that can make your car look fancy and you may not mind shelling out few extra bucks for such features. This is where fake wheels come into the picture. (more…)
With the rise of fake documentation everywhere, it is high time for everyone to know and be aware of this. With such fraudulent documents, criminals and terrorists might board a plane which might even make thing worse.
New research has unveiled that most of the masses can’t tell the difference between a real or a fake document. The same logic can be applied to driver license, ID proof, and even passport.
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Books are quintessential to say the very least and the source of wisdom and truth. Books are also written by humans and honestly being a writer is not that easy.
It takes a lot more than inspiration to churn out a compact book for the readers including the number of sleepless nights and little sacrifices that makes a book happen.
The most significant producer of counterfeit items is from China, then comes Philippines, Thailand, India Malaysia, Singapore, Indonesia, Turkey, Pakistan, Ethiopia, and Kenya.
Each year countries trade goods worth trillions of dollars from aspirin to zucchini. According to global customs data collected and analyzed by the OECD and the E-use intellectual property office, of all the imports entering countries by air, ship, road or rail, 2.5% are counterfeit or pirated goods.
Nowadays, with steep competition in almost every industry, another industry is slowly flourishing behind the scenes – the counterfeit industry. For every single industry out there, there is a parallel in the world of the counterfeit.
What is truly shocking is that according to a recent survey, 7% of the world’s trade is now in counterfeit goods!
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The counterfeiting or diversion of products is a significant threat to the original manufacturers. Diversion is basically the selling of the original product through an illegal channel. Along with that counterfeiting has been slowly spreading like cancer which is also a growing concern for many brands.
For any car enthusiast, modding is always the kind of passion they associate themselves with. And who wouldn’t endorse the idea of modding since it enhances the aura of any given vehicle?
The only downside of modding is probably its cost since it is very expensive. But with the sudden influx of the modding community, the counterfeit industry of modding has grown pretty big. It has somewhat become an affordable choice to mod the vehicle.
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The exponential growth of the number of fraud cases is concerning since there is a high chance of getting duped than being killed. The extended amount of loss suffered by the insurance sector just for the sole reason fraudsters is very evident with the loss of more than Rs 30,000 crore/annum. An investigation has also stated that the insurance agency is single-handedly losing capital and assets for this very reason.
Most of the insurance cases occur mainly due to the various false claims, and as for other instances, the policy that you have brought might end up being fake.
Due to the increase in counterfeit part, there is an impending concern on the reliability of electronic components. The effects of counterfeit elements usually have a brief lifespan which might break the monotonous chain of a system or even cause circumstantial hazards.
The parts might come in for cheap, but the effectiveness of it and its reliability is far from being certain. The various parts which are being counterfeited might vary from scrapped parts to even reclaimed parts.
