Security Directors - A $10 million dollar loss is being attributed to poor password practices.Suggest a password management program which forces new and effective password creation regularly. Use this article to back-up your brilliant suggestion. ~ Kevin
NJ - A Long Island man has pleaded guilty to illegal wiretapping in a corporate espionage case that targeted two Bergen County companies.
David A. Goldenberg of Oceanside, N.Y., admitted to accessing internal e-mail at Sapphire Marketing LLC in Woodcliff Lake, a regional sales representative for Crestron Electronics in Rockleigh, which makes audiovisual equipment. He worked for Crestron's rival, Texas-based AMX Corp., at the time.
"He was able to figure out what their default passwords were, which they never changed," said Brian Lynch, chief of the white-collar crime unit in the Bergen County Prosecutor's Office.
Goldenberg was arrested in March 2008, accused of stealing e-mail and information over a nine-month period, allowing AMX to underbid Crestron on competitive contracts. Crestron has said it lost more than $10 million in business as a result. (more)
