Microsoft Launches Centralized Fraud Alert System For Reporting Stolen Data
Microsoft today kicked off a new Web-based mechanism for researchers to securely report stolen credentials, bank and credit card data, or other data they discover, and as a way to quickly alert the appropriate banks, retailers, or government agencies of a compromise.
The new Internet Fraud Alert system is a free, members-only portal of sorts that centralizes the stolen information found by investigators and automatically determines the affected bank or retailer.
Aside from Microsoft, Citizens Bank, eBay, and PayPal are all charter members of new program, which was launched today with the blessing of the Federal Trade Commission (FTC), the American Bankers Association, the Anti-Phishing Working Group, and the National Consumers League.
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