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Home » Hacking News » Microsoft takes rod to phishers

Microsoft takes rod to phishers

by Nikola Strahija on April 2nd, 2005 Microsoft has brought its campaign against phishers to a higher level by filing 117 "John Doe" lawsuits. The software giant said it was filing the suits in a bid to dig up more information on the people running the scams, and to discover the connections between different phishing operations.


Phishing is the distinctly unsavoury practice whereby scammers try to trick users into handing over account details and passwords so that they can gain illegal access to their bank or eBay accounts, for instance. The cons are becoming more sophisticated over time, with the phishers directing their prey to bogus sites designed to look and feel like the real thing.

Once they have stolen the online identity, the scammers are free to raid the victim's bank account. In the UK, banks lost 12m to online fraudsters during 2004. The fight against phishing is certainly gaining momentum: in February this year, Microsoft joined forces with eBay and Visa to form the Phish Report Network, a place where registered companies and individuals could report phishy activity. Today, US banking regulators instructed banks to work out new procedures for reporting this kind of identity theft.


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