NACHA and Other Financial Industry Participants Join Forces with Microsoft to Combat Online Fraud and Identity Theft

Posted April 1, 2012

In an effort to help reduce potential future fraud and retain confidence in electronic payments systems, NACHA joined with Microsoft Corporation, the Financial Services – Information Sharing and Analysis Center (FS-ISAC), the American Bankers Association (ABA), Kyrus Tech, Inc., and financial institution representatives to plan and execute a coordinated operation to disrupt some of the most notorious cybercrime operations that have been responsible for fueling online fraud and identity theft.
 
The operation targeted some of the most harmful botnets using the Zeus family of malware worldwide, which were linked to spam in which NACHA, Microsoft, and other entities’ trademarks were counterfeited. Botnets, or armies of malware infected computers, infect other computers with the purpose of compromising the user’s online credentials, thereby enabling fraudulent financial activity.
 
Evidence and intelligence gained through the operation by Microsoft will be used to help rescue people’s computers from the control of Zeus, as well as in an ongoing effort to undermine the cybercriminal organization and help hold those responsible accountable for their actions.
 
For more information, visit the Microsoft Digital Crimes Unit Newsroom: http://www.microsoft.com/presspass/presskits/dcu/

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