Hacker busted for identity theft

Friday, 10 October 2003, 8:57 AM EST

The U.S. Securities and Exchange Commission has filed civil charges against a young Pennsylvania man for computer hacking and identity theft in a scheme last July to dump worthless options for Cisco Systems stock.

The case against Van T. Dinh, 19, of Phoenixville, Pennsylvania, is the first time computer hacking and identity theft have both played a part in a fraud prosecution by the commission, the SEC said Thursday.

Dinh was arrested Thursday morning on the campus of Drexel University, where he claimed to be studying business, according to John Reed Stark, chief of the SEC Office of Internet Enforcement.

[ Read more ]

Related items




Spotlight

What's the real cost of a security breach?

The majority of business decision makers admit that their organisation will suffer an information security breach and that the cost of recovery could start from around $1 million.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Thu, Feb 11th
    COPYRIGHT 1998-2016 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //