TELECOM Digest OnLine - Sorted: Digital PhishNet

Digital PhishNet

Monty Solomon (
Wed, 8 Dec 2004 09:53:16 -0500

Industry, Law Enforcement Team To Launch Digital PhishNet
- Dec 8, 2004 09:01 AM (PR Newswire)

International Public-Private Initiative To Expedite Arrests, Convictions
Against 'Phishers'

REDMOND, Wash., Dec. 8 /PRNewswire-FirstCall/ -- Representatives from
a number of industries and international law enforcement agencies
today announced the establishment of Digital PhishNet, a collaborative
enforcement operation that unites industry leaders in technology,
banking, financial services and online auctioneering with law
enforcement to tackle "phishing," a destructive and growing form of
online identity theft.

Digital PhishNet establishes a single, unified line of communication
between industry and law enforcement, so critical data to fight
phishing can be compiled and provided to law enforcement in real
time. Phishing is the particularly harmful and deceptive emerging
online threat that involves directing consumers to phony Web sites,
usually through forged or "spoofed" spam e-mails, to input personal
financial information such as credit card numbers and passcodes.
While other industry groups have focused on identifying phishing Web
sites and sharing best practices and case information, Digital
PhishNet is the first group of its kind to focus on aiding criminal
law enforcement and assisting in apprehending and prosecuting those
responsible for committing crimes against consumers through phishing.

Digital PhishNet brings together industry leaders from nine of the top
10 U.S. banks and financial services providers, four of the top five
Internet service providers and five digital commerce and technology
companies, and works with top federal and international law
enforcement agencies.

Developing supporters of Digital PhishNet include America Online Inc.,
Digital River Inc., EarthLink Inc., Lycos Inc., Microsoft Corp.,
Network Solutions, VeriSign Inc., the Federal Bureau of Investigation
(FBI), the Federal Trade Commission (FTC), the U.S. Secret Service
(USSS) and the U.S. Postal Inspection Service (USPIS). More
information can be found at .


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