Answer :
IP theft BEST describes the type of consequence your organization has suffered.
What causes IP theft?
Intellectual property theft occurs because it's too easy, quick, cheap to commit, and extremely rewarding. Thieves frequently justify their actions as victimless crimes so they can profit from taking credit for someone else's creations without actually contributing anything.
When someone commits IP theft, they can also be stealing trade secrets, copyrights, trademarks, or patents. Names, logos, insignia, inventions, client lists, and more fall under this category. Cases of intellectual property theft are incredibly frequent, and they need to be prevented with clever intellectual property management software.
To know more about IP theft, refer:
https://brainly.com/question/29735675
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Complete Question:
Your organization has discovered that an overseas company has reverse-engineered and copied your main product and is now selling a counterfeit version.
Which of the following BEST describes the type of consequence your organization has suffered?