Microsoft, others launch PhishNet

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By Carol Krol

Last week, a group led by Microsoft Corp. launched a collaborative enforcement process for netting phishers. Called Digital PhishNet, the initiative is supported by America Online, Digital River, EarthLink, Lycos, Microsoft, Network Solutions, VeriSign, the Federal Bureau of Investigation, the Federal Trade Commission, the U.S. Postal Inspection Service and even the U.S. Secret Service. The initiative is designed to combat the ever-increasing problem of online identity theft, commonly known as phishing or spoofing.

The PhishNet, the companies say, establishes a single line of communication between industry and law enforcement so that data from phishing attacks can be passed on to authorities in real time. Members are expected to contribute to the phishing data repository by reporting phishing incidents and assisting law enforcement with active investigations.

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