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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
New Castle News
Location
New Castle, Pennsylvania, United States of America
Date
Jun 19, 1979
Page
9
A dense OCR page shows stock averages and extensive company entries. It lists stocks, percentages, and values for dozens of firms, including Coca Cola, Exxon, Goodyear, IBM, and U S Steel, along with sector totals and a Dow Jones averages snapshot. The layout mirrors a ledger of ticker data with irregular spacing and multiple numeric annotations.
Edward Craig reports from New York that Data Processing Security founder Louis Scoma Jr argues computer protection is like a spare tire for a car. He says senior management often underestimates risk, citing $200 million in 300 National Bureau of Standards computer fraud cases as the tip of the iceberg. He recalls a test where $95,000 vanished from a firm unseen by its computer staff, and urges firms to harden access and hide locations.
Scoma describes a bank victimized by a transient using mixed deposit slips with his code. A depositor unknowingly funded the thief’s account before closure and disappearance. Scoma’s firm schedules six Recovery Operation Centers nationwide, starting Fort Worth-Dallas, with remote sites in New York, Atlanta, Chicago, Los Angeles, and Minneapolis-St Paul. A telecom network will back emergency computer setup within five days.
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