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Microsoft providing software to alert credit card debt information theft
By Edith Barlow on Jun 20th, 2010
Credit card debt is already a difficult thing to handle for some, and becoming the victim of identity theft could further complicate matters for consumers.
However, Microsoft recently announced a partnership with the National Cyber-Forensics and Training Alliance which will help security professionals alert financial institutions when they've uncovered an account that has been compromised. The software company launched a new program that will help with that goal by providing a way for alerts to be passed along.
"To date, when the security community uncovers compromised credentials stemming from phishing attacks, for example, there has been no simple mechanism to warn the service provider or bank about the exposed credentials," a release from the two organizations said.
Thieves who steal credit card debt information can use it to compromise accounts and make purchases. They may also sell the data to other fraudsters.
However, there are ways for consumers to make sure their accounts are not compromised. Along with avoiding unsolicited emails claiming to be from financial institutions, account holders should keep an eye on their credit card debt statements for any unusual activity.
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