IP House aims to protect businesses from intellectual property theft.
In this July 13, 2022, file photo, Steve K. Francis, Acting Executive Associate Director for Homeland Security Investigations participates in Regional Dialogue on Free Trade Zones , Trade Based Money Laundering and Port Security during the 2022 Concordia Americas Summit, at the University of Miami, in Miami, Fla.A new group is looking to be the "one-stop shop" for protecting intellectual property, and for protecting American businesses.
Intellectual property theft is one someone steals an idea or invention from an individual or a company. It can often occur when someone steals things like copyrights or trademarks, according toIntellectual property gets stolen in a variety of ways, from counterfeit goods like fake sports jerseys to different types of software products a company develops.
In this July 13, 2022, file photo, Steve K. Francis, Acting Executive Associate Director for Homeland Security Investigations participates in Regional Dialogue on Free Trade Zones , Trade Based Money Laundering and Port Security during the 2022 Concordia Americas Summit, at the University of Miami, in Miami, Fla.
"Those federal prosecution thresholds are very high," he said. "One of our clients could say, 'I don't really want to invest significantly in a prosecution. I don't think it'll ever meet those thresholds. But maybe you guys can just do a disruption.'"
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