The scale of Gonzalez's crimes are a perfect example of why businesses need to take an active role in protecting themselves and their customers from fraud
Louisville, KY (PRWEB) September 23, 2009
Electronic Verification Systems (EVS) president and CEO, Rick Tur, made a statement today regarding the indictment of Albert Gonzalez, the hacker charged last month with committing the largest credit and debit card data breach in U. S. history. The Department of Justice has indicated in a press release, Gonzalez's trial is scheduled to begin this month.
"The scale of Gonzalez's crimes are a perfect example of why businesses need to take an active role in protecting themselves and their customers from fraud," Tur said earlier today. "It's critical for any business to have a comprehensive security plan in place to stop this type of criminal activity from effecting them. Red Flag compliance will ensure companies are taking steps to confirm the identity of their clients."
Gonzalez faces charges of conspiracy and conspiracy to engage in wire fraud. If convicted on both counts, he faces up to 35 years in prison and $500,000 in fines. He is currently in federal custody.
About Electronic Verification Systems:
Electronic Verification Systems is a leading provider of fraud prevention services designed to help businesses combat identity theft, control costs, satisfy governmental regulation, and support audit and control requirements. With major clients in the financial services, retail product, brokerage, education, insurance, and corporate security industries, Electronic Verification Systems provides powerful and innovative solutions to businesses and organizations across the world.