Microsoft unveils online fraud reporting system Staff

Microsoft on Thursday launched a centralized alerting system that provides researchers with a place to report stolen online bank account credentials or credit card numbers they discover online.

Internet Fraud Alert, which will be managed by the National Cyber-Forensics and Training Alliance (NCFTA), will quickly notify financial institutions, retailers, service providers and others about compromised credentials so that they protect their customers, according to Microsoft.

Until now, security researchers who discover compromised credentials haven't had any mechanism to warn the affected bank or service provider, Microsoft said.

The American Bankers Association and Citizens Bank support Internet Fraud Alert. Other participants are eBay Inc., the Anti-Phishing Working Group, PayPal, the Federal Trade Commission, and the National Consumers League.

Microsoft donated the technology for Internet Fraud Alert to the nonprofit NCFTA, which fosters collaboration between the public and private sectors on cybersecurity. Accuity, a provider of global payment routing data, has donated a system to help NCFTA to vet organizations participating in the alert program.

    Requires Free Membership to View

There are Comments. Add yours.

TIP: Want to include a code block in your comment? Use <pre> or <code> tags around the desired text. Ex: <code>insert code</code>

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
Sort by: OldestNewest

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to: