Last updated on April 16, 2014 at 17:24 EDT

Utica College’s Economic Crime Conference to Address Cyber Attacks Increasing in Frequency, Sophistication

October 7, 2011

New report suggests companies, governments losing battle with hackers

UTICA, N.Y., Oct. 7, 2011 /PRNewswire-USNewswire/ — A new report from the Intelligence and National Security Alliance, a non-partisan national security organization, notes that too often companies and government don’t do enough to address cybersecurity shortfalls. When faced with cyber attacks, organizations often “patch and pray” and that practice can be disastrous in the ever-evolving, increasingly sophisticated cyber world.

And each year, cyber losses are increasing and the growth of economic crime is impacting businesses and individuals’ bottom line.

These issues are the focus for the 22nd annual Economic Crime Conference hosted by Utica College’s Economic Crime Institute (ECI).

This year’s keynote speakers include Mark Sullivan, director of the U.S. Secret Service, and 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. Both are recognized experts who will focus on the global phenomenon of cyber loss, which accounted for $1 trillion in 2009.

The conference will have two distinct tracks, economic crime and cybersecurity that will highlight the interdisciplinary nature of the global war on cybercrime.

Also, the risks posed by major events and scenarios will be addressed, including how governments and corporations respond through prevention, detection and information.

Raymond Philo, executive director of Utica College’s ECI, believes this conference is important for professionals. “The conference provides the opportunity for professionals to network and receive the latest information about various issues relating to both economic and cybercrime,” Philo said.

Utica College, a pioneer in economic and cybercrime education, offers unique programs that combine state-of-the-art practices in intelligence, forensics and fraud management. The Economic Crime Institute of Utica College supports education and research in economic crime and cybersecurity, providing a reliable resource for innovative solutions to corporate, government and law enforcement entities.

The conference will be held Nov. 2-4 at the William F. Bolger Center in Potomac, Maryland.

For more information or to register for the conference, visit www.utica.edu/eciconference.

Contact: Christine Leogrande, Director of Media Relations, (315) 223-2519 cleogrande@utica.edu

SOURCE Utica College

Source: PR Newswire