Victory State Bank Echoes FBI Warning: Beware of Intellectual Property Theft
STATEN ISLAND, N.Y. -- Running a business is challenging enough without others stealing your ideas. Victory State Bank, Staten Island, N.Y.’s only community-based commercial bank, is urging business owners to carefully safeguard their ideas, invention and creative expressions. The theft of intellectual property --- from trade secrets and proprietary products and parts to movies and music and software --- is a growing threat, according to the Federal Bureau of Investigation, www.fbi.gov. The threat has worsened with the rise of digital technologies and Internet file sharing networks. And much of the theft takes place overseas, where laws are often lax and enforcement more difficult. All told, intellectual property theft costs U.S. businesses billions of dollars a year and robs the nation of jobs and lost tax revenues. Preventing intellectual property theft is a top priority of the FBI’s cyber program. The initiative specifically focuses on the theft of trade secrets and infringements on products that can impact consumers' health and safety, such as counterfeit aircraft, car, and electronic parts. Key to the FBI’s success is the linking of considerable resources and efforts of the private sector with law enforcement partners on local, state, federal, and international levels. For more information about intellectual theft, log onto http://www.fbi.gov/about-us/investigate/cyber/ipr/ipr. About Victory State Bank: VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com . Media Inquiries: Relevant Public Relations, LLC Headquarters: 718 682 1509 www.RelevantPR.com Mobile: 917 715 8761 Email:
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