UK: Hit pirates where it hurts; disrupt their finances

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A report published by UK’s Royal United Services Institute (RUSI) seeks to update the perception among financial industry, regulatory and law enforcement circles that piracy is carried out not by unwitting individuals but rather, is an organized pursuit, carried out by professionals.

Citing EUIPO research that illegal “IPTV” providers make nearly a billion euros per year, and White Bullet research that advertising delivered over pirate sites in the UK alone steals ¬£37M in from advertisers, the report intends to topple one of the barriers standing in the way of progress against video piracy: an understanding about how pirates make money.

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The report makes recommendations in five key areas:

  • Reducing opportunities to monetize piracy by establishing an ecosystem of partnerships across government, law enforcement, financial institutions, distributors, advertisers and rights holders
  • Preventing access to infringing Web sites and services
  • Disrupting payment, across banks, payment service providers, card payment networks and crypto-exchanges
  • Improving financial investigation and enforcement response to piracy
  • Reducing user demand for infringing content

The report is titled: “Taking the Profit Out of Intellectual Property Crime: Piracy and Organised Crime.”

Access “At A Glance” (Executive summary and infographics)

Access the entire report

Why it matters

While the recommendations are made with UK authorities in mind, most of them are adaptable in countries around the world.

Established in 1831, RUSI is the world’s oldest defense and security think tank. ¬†With this level and depth of experience, RUSI is well qualified to weigh in about financial fraud and piracy.

 

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