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.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.
InformationWeek Tech Digest, Nov. 10, 2014Just 30% of respondents to our new survey say their companies are very or extremely effective at identifying critical data and analyzing it to make decisions, down from 42% in 2013. What gives?