Microsoft, eBay, PayPal and Visa said Monday that they have joined a new antiphishing initiative being spearheaded by WholeSecurity.
Dubbed the Phish Report Network, the effort will attempt to slow the spread of phishing attacks by reporting deceptive Web sites to a central database operated by WholeSecurity, a provider of IT security products based in Austin, Texas.
Once a site has been reported to the network and confirmed as fraudulent, the organization notifies all of its members about the URL, allowing companies to block the suspect site and encourage their customers to follow suit.
Phishing schemes typically consist of e-mail messages that appear to come from trusted companies. These messages attempt to lure people to bogus Web sites, where they're asked to divulge sensitive personal information, such as bank account details and social security numbers. Once armed with that data, criminals will often use it to commit identity theft.
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