Microsoft Teams Up With Security Group to Fight Cyber 'Bank Robbers'
Microsoft has forged a partnership with the Financial Services Information Sharing and Analysis Center in an effort to thwart cyber-criminals.In a bid to stem the rise of malware-aided fraud, particularly online, Microsoft is lending the Financial Services Information Sharing and Analysis Center (FS-ISAC) a helping hand, the tech giant announced Sept. 29. Trading in their guns and ski masks for PCs, today's bank robbers are fleecing banks and their customers from behind keyboards, according to Richard Domingues Boscovich, assistant general counsel of Microsoft's Digital Crimes Unit. "Today's thieves quietly lurk in the shadows of cyber-space where they employ computer code to target banks, businesses and customers to make off with millions of dollars without ever cracking a safe," he said in a Microsoft on the Issues blog post. While the financial industry grapples with this problem, Microsoft has been steadily beefing up its online threat-monitoring capabilities. The Redmond, Wash.-based software maker has been involved with some recent high-profile botnet takedowns, including Citadel and Caphaw. Last year, Microsoft announced that it had worked with the FBI to disrupt Citadel, a botnet believed to be responsible for at least a half-billion dollars in consumer and business losses.
"I think it will be a very, very aggressive and disruptive action—it's a full takedown," Boscovich told eWEEK's Robert Lemos in the wake of Citadel's collapse. "We'd love to say we get 100 percent, a kill shot like with Rustock, but given the number of bots involved and the complexity and logistics, we think we will be successful if we have a good, disruptive action driving up their cost of doing business."