Governor targets high-tech thieves

Published: 12 January 2001 y., Friday
For the California contingent attending the three-day Information Age Crime Summit at the Wyndham Hotel in San Jose this week, the news could not have been better: Gov. Gray Davis wants to earmark $85 million solely for high-tech-crime investigations. The money would be used to provide more detectives for identity-theft cases and more high-tech equipment, among other things. ``They loved it,'' said William Eyres, a security consultant and chairman of the Joint Council on Information Age Crime, sponsor of the summit that drew officers from nine countries. ``It is great news to them.'' The money would be especially helpful for agencies that have been frustrated by the huge amount of time and resources needed to solve identity-crime cases. Thieves steal credit-card numbers, Social Security numbers and other forms of identification that can be used to access bank accounts and commit financial crimes. Many victims don't even realize their Social Security or credit-card numbers have been swiped surreptitiously until years later, when their applications for credit are turned down or, even worse, when arrest warrants show up. As technology has improved, so has the sophistication of high-tech crimes. Kenneth Rosenblatt, special counsel to Santa Clara County District Attorney George Kennedy, said the days of a few employees pilfering computer chips is long gone. Now, thieves are more likely to grab large amounts of pricey inventory through violent invasions of the workplace or by hijacking transport trucks. High-tech crime prosecutors and investigators said millions of dollars are badly needed. In his budget proposal, Davis said such crimes cost the state more than $8 billion a year in lost revenue, wages and taxes. Credit industry figures show identity-theft complaints have grown nationally from 40,000 in 1992 to 750,000 in 1999.
Šaltinis: SiliconValley.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

What impact will sites like Facebook and YouTube have in the EP elections?

Networking sites like Facebook and YouTube are changing politics. more »

Santander Selects Wincor Nixdorf for its ATMs

Vendor to service almost 4,000 existing ATMs and supply another 450. more »

WINCOR: Check 21, deposit automation will revolutionize the branch

The advent of deposit automation, facilitated in many ways by the implementation of Check 21, is not only improving check-handling processes at the self-service terminal – it also is improving handling within the bank branch itself. more »

Moroccan Post Office chooses Bull

The Moroccan Post Office, Barid Al-Maghrib, has selected Bull to act as project manager on the automation project for its International Mail Center in Casablanca. more »

Gemalto Wins Austin Business Journal Tech Innovation Award

Gemalto has taken home one of the most coveted technology prizes in Austin with its Smart Enterprise Guardian (SEG). more »

So-called 'bam-raids' on Aussie ATMs get bankers' attention

Banks in Australia are rushing to install gas detectors into their ATMs, as gas-explosive attacks on ATMs in the country continue to climb. more »

EMC and Microsoft Extend Strategic Alliance Through 2011

EMC CEO Joe Tucci and Microsoft CEO Steve Ballmer showcase deep technology collaboration at New York CIO Summit. more »

Gemalto and mChek Join Forces to Serve Mobile Payment Markets in South Asia

India-based mChek looks to offer its secured SIM-card-based mobile applications through partnership with Gemalto. more »

Heartland Payments CEO says end-to-end encryption could prevent card, data breaches

Nearly one week after news emerged of the big data breach at Princeton, N.J.-based merchant acquirer Heartland Payment Systems Inc., it remains unclear how much damage actually happened and who did it. more »

Wincor Nixdorf launches new ATM tech that shields ATMs from attacks

Wincor Nixdorf AG has announced the release of an enhanced security product for bank branches called ProTect. more »