Internet
Fraud Alert, a new cyber security effort pioneered by Microsoft and donated
to the National Cyber-Forensics and Training Alliance (NCFTA), hopes to
streamline the process of reporting stolen consumer data. In an environment as
vast as the Internet where the proper authorities for reporting fraud can be
difficult to find, the idea may just be revolutionary.
Internet Fraud Alert is a centralized alert system which seeks
out and notifies the appropriate corporate stakeholders when sensitive consumer
data has been published online or otherwise compromised. The program brings
together a host of different institutions, including government agencies,
consumer advocates, financial institutions, retailers and more to keep a
watchful eye on cyber crime.
Thanks to Ars Technica for bringing this to our attention.