A Shelby County, Ala., law enforcement officer says National Computer Forensics Institute training helped him foil an attack on an insurance company’s 401(k) plan.
Clay Hammac, who works in the Shelby County Sheriff’s Office, testified at field hearing organized by the House Financial Services Committee.
The committee looked at ways to help law enforcement protect private financial information.
NCFI support has been especially valuable, Hammac said, according to a written version of his testimony posted on the committee website.
Computer forensics training can help with the investigation of violent crimes, such as murder and kidnapping, but it is also vital in investigations of financial crimes, Hammac said.
Recently, he said, he was contacted by an employee of a nationally recognized insurance company.
“The employee made a simple complaint indicating that she believed her 401(k) account was electronically compromised,” Hammac said. “Utilizing the training I received from the NCFI, I was able to work with the third party company that is contracted to manage the employee retirement funds, as well as the vice president of security for the insurance company.”
Hammac traced electronic routing numbers, bank account numbers, and IP addresses.
“I was able to not only identify the offender that compromised the victim’s retirement account, but I was able to illustrate that he did the same to four other employees, as well as embezzle nearly $100,000 from the insurance company,” Hammac said. “The offender has since been arrested and indicted by a grand jury in two separate jurisdictions.”