Shop smart this holiday season | U.S. Chamber of Commerce
Dec 01, 2015 - 11:00am

Shop smart this holiday season


President and CEO, Center for Capital Markets Competitiveness (CCMC)
President and CEO, Global Innovation Policy Center (GIPC)
Senior Vice President, U.S. Chamber of Commerce

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Several different brands of counterfeit handbags are on display in the back room of tourist shop in New York City.

Note: This excerpt is from an article that CNN.com published.

The winter holiday season is upon us, which means many things.

It means around-the-clock holiday music, blinking lights and decorations, and presents. If you've been good, lots of them.

Unfortunately, it is also the season for highly sophisticated crooks trying to pass off counterfeit goods as the real thing. Fortunately, there are things you can do to protect yourself.

First, the good news. According to estimates from the National Retail Foundation, sales in November and December are expected to reach $630.5 billion, with as much as $105 billion coming from online sales, representing an increase of between 6% and 8% over last year's online sales figures.

Given the amount of money at stake, we should not be too surprised consumers are increasingly running into criminals trying to dupe them online and sell them counterfeit merchandise, or worse, steal their identity or their credit information.

Read more on CNN.com

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About the Author

About the Author

President and CEO, Center for Capital Markets Competitiveness (CCMC)
President and CEO, Global Innovation Policy Center (GIPC)
Senior Vice President, U.S. Chamber of Commerce

As president and CEO of the U.S. Chamber of Commerce Center for Capital Markets Competitiveness (CCMC), Hirschmann leads the Chamber's initiative dedicated to making U.S.