Secret Service Deputy Director: "Quality, Quantity and Complexity Increasing"
POTOMAC, Md., Nov. 3, 2011 /PRNewswire-USNewswire/ -- The losses are staggering. The threats are real … and growing.
"The Secret Service has observed a marked increase in the quality, quantity and complexity of cybercrimes," said Keith L. Prewitt, deputy director of the U.S. Secret Service in his keynote speech at the 22nd annual conference of Economic Crime Institute (ECI) of Utica College.
Many experts believe that in the coming years, cybercrime will reach epidemic proportions and substantially impact businesses and individuals' bottom line, with losses estimated to be over $1 trillion a year.
As deputy director, Prewitt oversees the agency's threat and vulnerability activities as well as the evaluation and implementation of technology-based protective measures. The agency, while best known for protecting the president, also protects the financial infrastructure of the country.
"While many cybercriminals steal money and information," Prewitt said, "there are those who also seek to destroy, disrupt and threaten the delivery of critical services."
Addressing these threats, Prewitt said, requires increased collaboration on the part of law enforcement, and awareness on everyone's part.
The conference, which continues tomorrow at the William F. Bolger Center in Potomac, Maryland, will feature Bradley J. Bondi, partner in the Business Fraud and Complex Litigation practice and Securities Litigation in the Washington and New York offices of Cadwalader, Wickersham & Taft, LLP, as tomorrow's keynote.
Bondi's expertise centers on laws related to economic crime. Primarily, Bondi represents companies, financial institutions, and individuals at trial and on appeal in a wide range of complex criminal and civil matters associated with economic crime.
Utica College has long been a leader in the areas of economic and cybercrime education, offering unique programs combining state-of-the-art practices in intelligence, forensics and fraud management. The ECI of Utica College supports ongoing research in economic crime and cybersecurity, providing a reliable resource for innovative solutions to corporate, government and law enforcement entities, as well as internship and career opportunities for students.
Walk-in registrations will be permitted for the final day of the conference. For more information about Utica College and its suite of economic crime education programs, visit www.utica.edu.
About Utica College – Utica College, founded in 1946, is a comprehensive private institution offering bachelor's, master's, and doctoral degrees. The College, located in upstate central New York, approximately 90 miles west of Albany and 50 miles east of Syracuse, currently enrolls over 3,700 students in 37 undergraduate majors, 27 minors, 22 master's and two doctoral degree programs.
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SOURCE Utica College