The $12 million payout represents a big win for software-only companies like Symantec because they are staying vigilant in protecting their brand, Manchi says.

"This sets a precedence that tells the industry that software companies can defend their intellectual rights and protect their brands in the courts," Manchi said. "In the U.S. and Canada, companies can make reference to this case, so we can continue to have something to hope for."

Counterfeit software is not only illegal, but it also has the potential of posing further danger to end-users and their PCs, says Paden. Illegitimate software can damage one's computer, or it can even be loaded up with spyware, which hackers can then use to "fleece" unsuspecting users, Paden adds.

Back in December 2006, Cerrelli was given a court order to cease counterfeiting Microsoft software. However, Cerrelli failed to do so, which eventually forced him to plead guilty to contempt of court over continuing to sell counterfeit software earlier this month. At this time, the Federal Court of Canada ordered Cerrelli to pay $100,000, with the possibility of jail time for up to 60 days if the fine is not paid.

Paden said there are a number of different ways Symantec catches wind of counterfeit operations.