Piracy

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Piracy

1. Robbery committed at sea. Piracy is one of the world's oldest crimes and is a risk in international trade. Captured pirates generally are tried in military courts. A company may insure against injury or loss of goods due to piracy.

2. The act or practice of making illegal copies of copyrighted material. For example, printing copies of a book without the author's or publisher's permission may be piracy because neither receives any compensation for sales. Piracy is a major issue in online commerce. It is common, for instance, for a private user to upload a video to a website and even profit from views of that video without permission from or compensation to the copyright owners. The best way to prevent or prosecute this form of piracy remains a controversial issue.