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The PATRIOT software bonanza
From: Dave Farber <dave () farber net>
Date: Wed, 23 Apr 2003 04:57:10 -0700
------ Forwarded Message From: Richard Forno <rforno () infowarrior org> Date: Wed, 23 Apr 2003 06:53:47 -0400 To: Dave Farber <dave () farber net> Subject: FW: The PATRIOT software bonanza FYI and IP if you like......rf The PATRIOT software bonanza There are profits to be made selling computer programs that snoop out money launderers and suspicious foreign students. - - - - - - - - - - - - By Katharine Mieszkowski April 23, 2003 | Civil libertarians like to call the USA PATRIOT Act a Big Brother nightmare come true. But if the rush by software companies to cash in on Congress' attempt to combat terrorism is any indication, it's not the government that privacy advocates should be watching with suspicion. It's the free market. Witness one recent marketing campaign from database company Sybase: "Compliance with the USA PATRIOT Act has never been easier, thanks to Sybase's PATRIOTcompliance Solution," reads a promotion for the company's new anti-money-laundering product on its Web site. Title III of the USA PATRIOT Act steps up the requirements for financial institutions -- banks, insurance firms, credit card companies -- to monitor customer transactions for suspicious activity. That means new markets for companies already peddling anti-money-laundering software, known as "AML solutions." "Although the law imposes new burdens on banks, it is proving to be a boon for vendors of AML and related products and technology," wrote Breffni McGuire, a senior analyst for TowerGroup, a financial services technology research firm, in a report titled "The USA Patriot Act: Impact on AML Vendors and the Market." She reported that vendors saw inquiries about the technology rise 200 to 300 percent in the months following Sept. 11. < snip > http://www.salon.com/tech/feature/2003/04/23/patriot_software/print.html ------ End of Forwarded Message ------------------------------------- You are subscribed as interesting-people () lists elistx com To manage your subscription, go to http://v2.listbox.com/member/?listname=ip Archives at: http://www.interesting-people.org/archives/interesting-people/
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- The PATRIOT software bonanza Dave Farber (Apr 23)