Hello Aaqil,
In this new version of wp-copyprotect I have added a feature which allows you to disable the plugin for admin users. So as you are logged-in as admin user in your wordpress it is allowing you to do all the copy paste.
So if you want to enable the copy protection for all users, go to wp-copyprotect page and select “Apply settings to all users” under user settings section.
Otherwise log-out of wordpress and check if your protection is working or not.
Let me know if you still have issues.
Regards,
Chetan
Also, the plug-in option is moved to top level. Please check this screenshot for more details – http://wordpress.org/plugins/wp-copyprotect/screenshots/