Word: thefts
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...sophisticated technology multiplies the opportunities for theft. Warns Philip Wynn, deputy district attorney for Los Angeles County: "Computer crime is an extremely serious problem. I see it as a monster." No one knows exactly how much computer con men are raking in, but the numbers are big. Federal officials say that the average loss in a bank robbery is $3,200. A typical nonelectronic embezzlement comes to $23,500. But the average computer fraud...
...agents a course in computer-crime detection. A bill before Congress would provide new and tougher penalties for computer tampering: up to 15 years in prison and fines as high as $50,000. When he introduced the legislation last year, Republican Senator Charles Percy of Illinois warned that computer theft could be as high as $3 billion per year. Even with stepped-up law enforcement, companies themselves will have to be much more vigilant. The MAPS scandal showed how simple it is to bilk a bank electronically. Though the scheme was discovered, the alleged leader had plenty of time...
Heymann, terming it "a courageous and imaginative investigation that will have a major effect for some time," said Abscam was not initially aimed at Congress. The investigation began as a probe into an art theft, which then grew to cover illegal activities in Atlantic Beach casinos and immigration, he said...
With reason. The most celebrated theft of a Brasher doubloon occurred as fiction in Raymond Chandler's 1942 mystery The High Window, later made into a movie. But in 1965 real thieves snatched the Yale doubloon from Sterling Memorial Library. The university got it back only because a private detective, tipped off that a Chicago mobster had the coin, was able to apply...
...well run to hundreds of millions of dollars a year. Last January, California became the first state to enact a computer-fraud law, allowing fines of up to $5,000 and three years' imprisonment. Still, warns Donn Parker of SRI International, a leading scholar of electronic theft: "By the end of the 1980s, computer crimes could cause economic chaos...