[HIB]Microsoft introduces Internet Fraud Alert system

Microsoft has teamed up with the National Cyber-Forensics and Training Alliance (NCFTA), with the support of Accuity, the American Bankers Association, Anti-Phishing Working Group, Citizens Bank, eBay, Federal Trade Commission, National Consumers League and PayPal, to launch a new programme that is designed to help mitigate potential losses due to online fraud and account compromise. According to Microsoft, the Internet Fraud Alert will offer a 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 the appropriate institution responsible for that account. The new programme will inform companies about compromised credentials through a centralised alerting system powered by Microsoft technology. It enables security researchers and investigators to securely share information with firms about incidents where compromised account credentials have been discovered.

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