High-tech thieves and industrial spies seem like the makings for the next John Grisham novel, but the folks over at the Cyber Group Network Corp. take cyber theft very seriously. The company's subsidiary, Cyber Crime Corp., today unveiled its revolutionary E-Snitch . . .
High-tech thieves and industrial spies seem like the makings for the next John Grisham novel, but the folks over at the Cyber Group Network Corp. take cyber theft very seriously. The company's subsidiary, Cyber Crime Corp., today unveiled its revolutionary E-Snitch device (formerly the C-4 Chip), the world's first-ever electronic snitching device designed to combine security and theft prevention. The nifty little device, no bigger than a dictionary, can locate stolen or missing technology and various types of equipment. It can even emit an alarm to notify authorities of any wrongdoings.

According to the Insurance Agency, Inc., a subsidiary of Bankers Insurance Corp., in 1998 an estimated 1.5 million computers were stolen. In 1999, computer losses cost the technology industry $1.9 billion, according to Safeware, an Ohio-based computer insurance provider.

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