"The FBI is depending heavily on advice and consultation from the technical people at the victim companies in this case," says TIME Justice Department correspondent Elaine Shannon. "Nobody knows these systems and their weaknesses better than the people who design and maintain them." After wrangling with top e-commerce sites over how to best guard against security breaches, the Clinton administration adopted the view that too much regulation and oversight would inhibit dynamism in a sector that's fueled the U.S. economy's record growth. What's more, firms that do business on the Web, particularly financial institutions, are reluctant to divulge any information on their online practices with federal regulators. The proposed center is an attempt for the government to remain hands-on while making it easier for the private sector to police itself.
This has freed the FBI to do what it does best track criminals through old-fashioned tips and legwork. "They regard this as a crime not much different from a bank robbery," notes Shannon. "Their philosophy's very simple: If you interview enough people, eventually you'll find somebody who knows something. They do not think this is a perfect crime. At some point, they believe, the people who perpetrated this will be bragging either to people they know or in postings on the Web. If you start leaving your handle around, you're leaving a trail the FBI can follow."