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Internet Fraud Alert tool to help rescue stolen account credentials

Microsoft joined forces with National Cyber-Forensics and Training Alliance (NCFTA), with support of Accuity, American Bankers Association, Anti-Phishing Working Group, Citizens Bank, eBay Inc., Federal Trade Commission, National Consumers League and PayPal, to release a new program dubbed “Internet Fraud Alert,” that’ll help mitigate potential losses due to online fraud and account compromise, and will offer a trusted and effective mechanism for participating researchers to report stolen account credentials discovered online — such as username and password login information for online services or compromised credit card numbers — to appropriate institution responsible for that account, through a centralized alerting system powered by Microsoft technology.

According to Anti-Phishing Working Group, one million U.S. households lost money or had accounts misused as a result of phishing, at a cost of $650 million. APWG’s recent data suggests that phishers are exploiting more brands than ever before.

More Info: Internet Fraud Alert | New Internet Fraud Alert to Help Rescue Stolen Account Credentials


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