internet fraud

Microsoft is making it easier to help spread the word on incidents of Internet fraud and stolen personal data. In its latest corporate venture, the company has teamed with the National Cyber-Forensics and Training Alliance (NCFTA) to establish a ... centralized service called "Internet Fraud Alert." Security researchers now have one universal location for which to report any kind of stolen data, ranging from online account login information to credit card numbers. The service can also be used to warn financial institutions immediately after a security breach has been identified. Program ... (view more)

The term Internet fraud refers to any type of fraud scheme that uses email, web sites, chat rooms or message boards to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions or to transmit the proceeds of fraud ... to financial institutions or to other connected with the scheme. Identity theft schemes Most Internet fraud is done through the use of stolen credit card information which is obtained in many ways, the simplest being copying information from retailers, either (online or offline). There have been many cases of hackers obtaining huge quantities of ... (view more)