Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.81

+0.9%

Nov 19 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Hawkmoon who wrote (37268)	7/17/1999 1:54:00 PM
From: Ahda	Read Replies (2) of 116762

U.S. Research Firm Warns Of Y2K Scams Full Coverage Year 2000 Problem WASHINGTON (Reuters) - A research firm predicted Friday that someone will make off with more than one billion dollars in a scam linked to year 2000 computer upgrades and that companies may lose billions. ''The law of very large numbers dictates that we will have a vastly increased risk of electronic theft and fraud after the year 2000 remediation efforts,'' Gartner Group Inc. (NYSE:IT - news) said. ''Given the enormity of this undertaking...by 2004 there will be at least one publicly reported theft exceeding $1 billion,'' added Joe Pucciarelli, the analyst who wrote the report ''Year 2000 and the Expanded Risk of Financial Fraud.'' The firm, based in Stamford, Connecticut, has helped frame debate on the so-called millennium bug with its estimates of the potential costs. It said likely perpetrators of a heist would be software engineers who might take advantage of year 2000 upgrades to take backdoor control of systems. Companies worldwide are racing to prepare for the rollover from 1999 to 2000 for fear that computers' old, two-digit date-fields could causes crashes or corrupt their data by mistaking 2000 for 1900. I got a note from my internet provider stating that there is a new scam. This one requires i return my credit card number to them and my provider is not requesting this information. I wonder how much fraud is going on out there now that our banks will have to absorb.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next