Wednesday, May 16, 2007, 5/16/2007 08:09:00 AM

Top Computer Crimes for the First Quarter of 2007

From US News & World Report, an interesting compilation of the top computer crimes for the first quarter of this year.

Included is a trade secrets case:

Theft of Morgan Stanley Hedge Fund Secrets: On February 1, federal prosecutors announced the guilty plea of Ira Chilowitz to charges tied to the theft from his ex-employer, Morgan Stanley, of hedge fund trade secrets. Chilowitz oversaw secure computer connections between Morgan Stanley and its Prime Brokerage clients, and had access to numerous internal documents, including a list of all of the firm's hedge fund clients and the formulas used to calculate rates they paid for certain services. He pleaded guilty to four counts of conspiracy, transportation of stolen property, theft of trade secrets, and unauthorized computer access.

We reported on the story on February 9, here.

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