By Joey Gardiner, 29 March 2000 15:06
NEWS The US Securities and Exchange Commission (SEC) is setting up an automatic surveillance system to monitor online fraud, according to reports. The SEC, which regulates the investments industry in the US, is trying to set up a system which will automatically scan the Internet for key phrases - such as "get rich quick" - which might indicate fraudulent activity. The news comes from accountancy firm, PricewaterhouseCoopers, which said it turned down the opportunity to provide the software for the system due to concerns over privacy issues.
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