NACHA Continues Work with Microsoft, FS-ISAC, the ABA and Others to Fight Cybercrime

Posted June 10, 2013

In early 2012, NACHA joined with Microsoft Corporation, the Financial Services – Information Sharing and Analysis Center (FS-ISAC) and others to plan and execute coordinated action to disrupt some of the most notorious cybercrime operations responsible for fueling online fraud and identity theft. That action was very successful, disrupting a number of harmful botnets and a critical source of money-making for fraudsters, while gaining important information to help identify those responsible and better protect victims.

Earlier this week, in a continuing effort to fight cybercrime, NACHA collaborated again with Microsoft and others, including the Federal Bureau of Investigation (FBI), FS-ISAC, the American Bankers Association (ABA), and other technology industry partners to disrupt a global cybercrime operation responsible for infecting more than 5 million computers with malware and more than half a billion dollars in fraudulent transactions.

This cooperative action is part of a growing effort by both the public and private sector to fight cybercrime, help protect people and businesses from online fraud and identity theft, and enhance online Internet security for everyone.  NACHA provided support for this operation to ensure that financial institutions’ customers continue to trust ACH payments and online banking and bill payment services. 

To view the press release on this cooperative action, visit: http://www.microsoft.com/en-us/news/Press/2013/Jun13/06-05DCUPR.aspx.

For additional information, visit the Microsoft Digital Crimes Unit Newsroom: http://www.microsoft.com/en-us/news/presskits/dcu/.

For computer owners worried that their computers might be infected, Microsoft offers free information and malware removal tools at http://support.microsoft.com/botnets.

Tagged: Article, Consumers
Access: Public