Microsoft, eBay, and Citizens Bank launch online fraud alert service

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Microsoft, eBay, and Citizens Bank have launched a new Internet fraud alert service designed to allow them to better share information about compromised accounts with each other in an effort to better fight online fraud.

Companies conducting investigations of fraudulent activity online often find compromised accounts of other firms' customers, but until now, there wasn't an easy way to report the findings, said Nancy Anderson, corporate vice president and deputy general counsel at Microsoft. The Internet Fraud Alert service, launched Thursday, will allow investigators to report stolen account credentials, such as passwords or credit card numbers, to the appropriate online vendor, she said...

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View Full Article: InfoWorld
 
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