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Report N.Y. needs new laws to fight 21st-century crime

Sept. 24 (Bloomberg) -- New York needs to update state laws to help authorities prosecute white-collar criminals, according to a special task force report released by Manhattan District Attorney Cyrus Vance Jr.

The proposals in today’s report include expanding the definition of larceny to cover the theft of computer programs and personal identifying information, and eliminating the requirement that schemes to defraud target more than one victim.

“The Internet has become our 21st-century crime scene,” Vance said today at New York University’s Center for the Administration of Criminal Law, adding that the penal code hasn’t kept pace. For example, old definitions of larceny don’t cover theft by duplication, a common means of stealing computer code, he said.

Criminal law in New York state has been mostly unchanged since 1965, and the last notable alterations to white-collar crime enforcement were made in 1986, making fraud and corruption laws antiquated, Vance’s office has said.

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