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

search.lt news

search.lt presents newest links more »

The Ransom Letter

Authorize.Net Battles Extortion Attempts more »

Sun Strikes Grid Computing Pact with Bank

One week after touting its grid computing and other technologies on Wall Street for financial services customers, Sun Microsystems agreed to provide a Paris-based bank with more than 100 servers to power its transactions more »

PalmSource unveils smartphone operating system

Palm Cobalt OS to ship with new devices next year more »

Highlighting New Projects

Microsoft Scientists Offer Glimpse of the Future at European Innovation Fair more »

EU chief seen as keen to push Oracle merger through

European Commission wants to reach a decision on hostile bid before the end of October more »

IT security culture must start from the top

Global survey warns senior execs against 'delegating' security awareness more »

Sasser author gets IT security job

Sven Jaschan, self-confessed creator of the destructive NetSky and Sasser worms, has been hired by German security company Securepoint more »

search.lt news

search.lt presents newest links more »

IBM embraces grid converts

IBM has signed on five corporate customers and the Environmental Protection Agency to its ongoing grid computing initiative more »