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Microsoft Launches Internet Fraud Alert System

Microsoft takes steps to combat fraud

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Microsoft, eBay and PayPal have launched an Internet Fraud Alert system aimed at helping security researchers report information they find online about stolen data.

Microsoft says its Internet Fraud Alert service will allow security researchers to more securely share information with service providers, retailers, financial institutions and government entities about incidents where compromised account credentials have been discovered.

 

 

Microsoft has donated the tool to the National Cyber-Forensics and Training Alliance which will manage the program while Accuity, the American Bankers Association, Anti-Phishing Working Group, and the Federal Trade Commission will all participate.

"Those who traffic in stolen identities often use online tools to collect, share and profit from compromised account credentials, but those of us working to combat identity theft have a few tools of our own," said Nancy Anderson, Corporate Vice President and Deputy General Counsel, Microsoft.

"By combining new technology and critical partnerships, Internet Fraud Alert helps alert institutions to stolen credentials so they can take action to combat fraud. The Microsoft Digital Crimes Unit is proud to be working with the National Cyber-Forensics and Training Alliance and everyone joining with us today to announce this valuable new tool in the fight against cybercrime."
 

 

Microsoft Launches Internet Fraud Alert System
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  • Guest

    I guess they need ebay in the picture to show them how best to commit fraud, since they’re the true professionals at it. Perhaps they should draw on Meg Whitman’s extensive, hands-on experience in that department as well.

  • http://www.searchengineoptimisation.com Phil

    Lets us be constructive and something positive came from MS side

  • Guest

    You know how MS rolls.. I can just see the NCFTA getting screen freezes every 3rd / 4th time using the “new tool”. Hopefully MS built in an auto “CTRL+ALT+DEL” key into the application.