Cyber Crime has rised much above the accepted level today. Banks and other websites that process financial and other secured transactions of mammoth proportions on a day-to-day basis, find it extremely challenging to protect and preserve highly confidential data of their customers. Thanks to the advancements of the Web Technology, cyber criminals pose a great threat to the confidential data by means of Phishing, Electronic Eaves dropping, Fiber tapping, Keystroke logging etc.,
To put an end to these nefarious activities on the Internet, Microsoft has pioneered a program called ‘Internet Fraud Alert’ recently. This first of its kind program is a joint effort by Microsoft with various other organizations like National Cyber-Forensics and Training Alliance (NCFTA), The American Bankers Association, eBay Inc, Anti-Phishing Working Group, Citizens Bank, Federal Trade Commission, National Consumers League and PayPal. Microsoft’s Internet Fraud Alert Program will assist the online service agencies and Banks to safeguard their vital credentials that are often liable to threat. This application will gather and pass on the much-needed report about the exposed records to the respective online Banks and organizations and lend a hand to the security researchers.
This program offers trusty and highly effective defense mechanisms that help the security agencies and investigators to report compromised credit card numbers and stolen user accounts like User name and password discovered on the internet to the particular bank or to the online companies. Microsoft has customized the concept of centralized reporting system specifically for the Internet Fraud Alert Program to curb the cyber frauds. Based on the ‘Quick alerts’ given by this program, online companies, Institutions and Banks can take evasive action against the online fraudsters and thereby guard their customers secure data.
With a systematic and secured approach, the Internet Fraud Alert program will help the online retailers, government bodies, academic institutions to effectively manage and deal with the highly secured credential accounts. Instantaneous warnings about phishing and other malicious attacks will be routed to the corresponding organizations.
Backed by significant alliances, Microsoft has donated this exclusive application to NCFTA , which play a major role in fighting the Cybercrimes and shielding the most important customer records online. Internet Fraud Alert program is a blend of marvelous technology and easy-to-follow techniques. When Cyber frauds and fraudsters are becoming much more complicated with their wide network, it is crucial to a take the first and the most important step against these forces in order to augment consumer’s confidence while using the online services.
This novel framework from Microsoft will come into effect immediately to aid the monetary, academic institutions, Government bodies to tackle the cybercrime rapidly.