From the Security Experts

September 15, 2010

Internet Identity Joins Microsoft's Internet Fraud Alert Program

By SIP Trunking Report Contributor

Internet Identity (IID), a provider of technology and services that help organizations secure Internet presence, announced partnership with the National Cyber-Forensics and Training Alliance (NCFTA) to join the “Internet Fraud Alert program.”

Internet Fraud Alert, “a one-stop service to report stolen data,” is the only system of its kind that instantly notifies organizations about fraudulent online activity involving their own stolen credentials.

The nonprofit was recently developed by Microsoft and the NCFTA with a mission is to identify, mitigate and neutralize cyber crime threats in partnership with the private sector, law enforcement agencies, academics, and other groups, the company said.

A recently released survey by Kindsight, an identity theft protection service, finds that online identity theft has become a significant concern for most Americans. The vast majority of consumers believe that there is a greater need for added protection against cyber criminals, according to the survey.

As a partner of Internet Fraud Alert, IID will contribute malicious activity data to Internet Fraud Alert, and IID will assist existing IID ActiveControl customers in joining the network at no extra fee to receive the latest alerts about compromised credential activity, according to company officials.

The immediate beneficiaries among IID customers will be, Boeing Employees' Credit Union and Yakima Valley Credit Union, which have signed up to receive the alerts.

By utilizing the Internet Fraud Alert network, IID’s customers will have a new tool in their anti-fraud arsenal, receiving immediate reports of stolen debit and credit card information and compromised account access credentials, company officials said.

Customers using IID ActiveControl will get instant access to their alerts. ActiveControl proactively detects and blocks new malicious sites, e-mails and advertisements, and controls leakage of sensitive data – before they cause damage to the organization and its stakeholders.

“By bringing IID on-board, we will be able to gain a wealth of vital data from one of the world’s leading Internet fraud fighting organizations,” NCFTA president and CEO Ron Plesco, said.

“In addition, IID’s customers, which comprise many of the world’s largest brands and hundreds of financial institutions, will have instant access to the Internet Fraud Alert, providing protection to the organizations and their customers,” Plesco added.

IID said it will be using its ActiveKnowledge solution to relay data to Internet Fraud Alert. IID ActiveKnowledge provides a continuous list of the latest malicious (or compromised) IP addresses, domains, hostnames and e-mail accounts – protecting an enterprise and its extended network of partners.

“By joining forces with a national crime fighting organization like NCFTA, we’re able to help take the battle against cyber criminals to the next level,” IID CTO and president Rod Rasmussen, said.

“This system is exactly what the market has needed for years to tackle the thorny issues around stolen credential remediation, and we are very excited to be able to assist our customers in joining the Internet Fraud Alert program,” Rasmussen added.

Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.

Edited by Erin Monda