August 03, 2011 08:00 AM Eastern Daylight Time
Collaborative industry effort focuses on early identification of threats to better protect consumers from online fraud
SAN DIEGO--(BUSINESS WIRE)--ESET today announced its partnership with Internet Fraud Alert, a collaborative project aimed at protecting consumers against online fraud. Launched in 2010 by the National Cyber-Forensics and Training Alliance (NCFTA) and Microsoft, ESET will work with Internet Fraud Alert (IFA) to combat cybercrime. In this role, ESET will report stolen credentials to IFA, which will act as a bridge between security researchers and account credential issuers, creating an early warning system to help mitigate damage done by cybercriminals. With cyber attacks on the rise in both frequency and scope, the need for speed and efficiency in detecting and reporting discoveries has never been greater.
“ESET’s partnership with Internet Fraud Alert serves as further evidence of ESET’s resolve to work collaboratively with other vendors towards the greater aim of creating a safe Internet for all users,” said Aryeh Goretsky, distinguished researcher, ESET North America. “As ESET has demonstrated through its award-winning Securing Our eCity campaign and emphasis on user education in conjunction with proactive cybersecurity software, we are fully committed to providing Internet users with safety and security online.”Millions of Internet users each year fall victim to Internet fraud, and recent data breaches such as those at Epsilon, Sony and the Oak Ridge National Laboratory serve to highlight this growing threat, which affects consumers and businesses alike. As these numbers continue to rise, it becomes increasingly critical to lessen the lag time between security researchers’ discoveries and the necessary actions taken by banks, retailers or other affected businesses to protect their users from fraud. Internet Fraud Alert creates a trusted and effective mechanism for participating researchers, such as those at ESET, to report the discovery of stolen account credentials to the appropriate institution responsible for that account. By quickly informing companies about compromised credentials, IFA allows these businesses to take the appropriate actions to alert and protect their customers.
Internet Fraud Alert brings together an array of partners including retailers, financial institutions, service providers, technology companies, academic researchers, consumer advocates and government agencies. ESET joins Microsoft, American Bankers Association, Citizens Bank, APWG, PayPal, eBay, Accuity, McAfee, Internet Identity, Phishlabs, VeriSign, AllClear and others in supporting Internet Fraud Alert.
“ESET is a valuable addition to the Internet Fraud Alert Program,” said Ron Plesco, CEO and president at NCFTA, which maintains IFA. “The global reach of ESET’s research team, coupled with its comprehensive approach to security and willingness to work alongside its competitors towards the greater good aligns with our mission to protect consumers from the increasingly-common crime of Internet fraud.”
For more information about Internet Fraud Alert, please visit https://www.ifraudalert.org/.
About Internet Fraud Alert
Internet Fraud Alert (IFA) is a system that functions as a centralized clearinghouse and alerting mechanism allowing trusted participants to report compromised credentials that have been uncovered online. Once reported, IFA will issue an alert to the relevant financial institution or other service provider indicating its customer’s credentials have been compromised. Information regarding the compromised credentials will also be made available to law enforcement tasked with investigating cyber crime.
Internet Fraud Alert creates a trusted and effective mechanism for participating researchers to report stolen account credentials discovered online – such as username and password log-in information for online services or compromised credit card numbers – to the appropriate institution responsible for that account. Through a centralized alerting system powered by Microsoft technology developed specifically for this program, Internet Fraud Alert will quickly inform companies about compromised credentials, allowing them to take the appropriate action to protect their customers. Please See IFraudAlert.org for more information.
About ESET
ESET is on the forefront of security innovation, delivering trusted protection to make the Internet safer for businesses and consumers. IDC has recognized ESET as a top five corporate anti-malware vendor and one of the fastest growing companies in its category. Trusted by millions of users worldwide, ESET is one of the most recommended security solutions in the world. ESET NOD32 Antivirus consistently achieves the highest accolades in all types of comparative testing, and powers the virus and spyware detection in ESET Smart Security andESET Cybersecurity for Mac. Sold in more than 180 countries, ESET’s global headquarters is in Bratislava, Slovakia, with distribution headquarters for North America located in San Diego, California. ESET also has offices in Buenos Aires, Prague, Krakow and Singapore and is represented by an extensive global partner network. For more information, visithttp://www.eset.com/ or call +1 (619) 876-5400.
