Former government IT analyst arrested for hacker-loan scam

It is often said that security threats not only come from external hackers and criminal groups, but from people on the inside who know the system, the passwords and the codes.

On Friday, a former IT analyst at the Federal Reserve Bank of New York and his brother were arrested for hacking into the government system and taking out loans using stolen information. The prosecutors changed that Curtis Wiltshire, 34, took out $73,000 in student loans using the stolen information.

His brother, Kenneth Wiltshire, 40, is accused of using the identities of two federal employees to try and obtain a loan to purchase a speedboat. Wiltshire worked at the Reserve Bank for nearly eight years as an information and technical analyst.

For more on this alleged fraud:
- see this Computer World article