iFraudAlerts.org is a new initiative by National Cyber-Forensics & Training Alliance (NCFTA) and powered by Microsoft in alliance with leading public and private organizations such as Federal Trade Commission (FTC), Anti-Phishing Working Group (APWG), eBay/Paypal, American Bankers Association, Accuity and Citizens Bank.
Internet Fraud Alert (iFraudAlerts.org) will be providing an effective mechanism of a centralized alerting system which on one side will have participating experts/ researchers to report consumer identity theft, stolen account information discovered online such as username & password , login information for online services or compromised credit card numbers to the appropriate institution responsible for that account. Now this centralized alerting system (iFraudAlert) will quickly inform companies about compromised credentials which in turn help them to take the appropriate action to protect their customers stolen credentials or important private data.
As per APWG an Anti-Phishing Working Group phishing and malicious attack is all time high with more than 4,10,000 uniqiue phishing email reports. The iFraudAlert program will go into effect immediately today making a step forward in fighting online fraud and cybercrime.
Moreover in the shared interest of reducing online fraud and protecting consumers – any retailers, financial institutions, service providers, technology companies, academic researchers, consumer advocates and government agencies can become a partner of Internet Fraud Alert widen the group/ alliance of first of its kind centralized system to fight cybercribe and online ID theft.