Cummings sold the passwords and codes needed to access consumer credit reports, resulting in up to $100 million in losses for his victims.
Philip Cummings, the man who federal prosecutors say played a major role in the largest case of identity-theft in U.S. history, was sentenced to 14 years in prison Tuesday. Cummings was sentenced in Manhattan before U.S. District Judge George Daniels.
Cummings was employed as a help-desk worker for online credit-information provider Teledata Communications Inc. in 1999 and 2000. During that time, investigators said, Cummings sold the passwords and codes needed to access consumer credit reports. Thousands of credit reports were illegally accessed, and the government said the financial loss to victims ranged from $50 million to $100 million.
Cummings pleaded guilty in September to the scheme to sell the identities of 30,000 individuals. He pleaded to one count each of conspiracy, wire fraud, and fraud in connection with identification documents. He faced a sentence of up to 50 years in prison.
IT's Reputation: What the Data SaysInformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business really views IT's performance in delivering services - and, more important, powering innovation. Our results suggest IT leaders should worry less about whether they're getting enough resources and more about the relationships they have with business unit peers.
What The Business Really Thinks Of IT: 3 Hard TruthsThey say perception is reality. If so, many in-house IT departments have reason to worry. InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business views IT's performance in delivering services - and, more important, powering innovation. The news isn't great.