Industry Leaders Build PhishNet to Stop Identify Theft
New programs aims to thwart phishing attacks by tracing the origins of deceptive e-mails and phony Web sites and then passing that information on to law enforcement.International law enforcement and numerous industry leaders have joined forces to fight the growing problem of "phishing" scams. Digital PhishNet is a collaborative enforcement program designed to forestall socially engineered attacks executed via e-mail, which steal consumers site passwords, credit card numbers and other personally identifiable information that relates to identity theft. The program catches phish by tracing the origins of deceptive e-mails and phony Web sites in real time, then by passing that information on to law enforcement.
The most common modus operandi for phishing schemes is to send out spam from falsified e-mail addressed linked to imposter Web sites that replicate the look and feel of legitimate businesses. It is common for the e-mails to ask consumers to "update their account information," when in reality, they are baiting users for identity theft.