Tuesday, May 10, 2005

MasterCard Shuts Down 1,400 Phishing Sites

Steven Martin writes in InformationWeek that:

MasterCard International Inc. said Tuesday that it has shut down nearly 1,400 phishing sites and more than 750 sites suspected of selling illegal credit-card information since launching an ID-theft-prevention program in June. The program also has led to the discovery and protection of more than 35,000 MasterCard account numbers that were in jeopardy of being compromised.

Under the program, called Stop It, MasterCard is collaborating with digital-asset-protection company NameProtect Inc. to detect online scams in real time as they proliferate across the Internet. NameProtect employs Internet detection technology and systems to continuously monitor domain names, Web pages, online discussions, spam E-mail, and other online formats to identify online trading rings, phishing attacks, and other forms of fraud the moment each attack is launched online.

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