Phishing Tidal Wave - National Consumers League Issues Report

More needs to be done in combating the problem of phishing. Referencing a 57 page report issued by the National Consumers League, participants in a press conference expressed concern that Internet users are becoming more wary of conducting business online because of phishing scams and other cybersecurity problems.

This story from IDG News Service via Infoworld -

Coalition calls for action on phishing
In a report, consumer groups, technology vendors, financial services organizations and law enforcement agencies, calls on Internet companies to step up consumer education efforts
By Grant Gross, IDG News ServiceMarch 16, 2006

Internet service providers (ISPs) and e-commerce sites can employ more tools to combat phishing scams, including "white lists" of legitimate Web sites and using false identification information to scam the scammers, according to a report released Thursday.

The report, released by a coalition of consumer groups, technology vendors, financial services organizations and law enforcement agencies, also calls on Internet companies to step up their consumer education efforts.

Among the more novel techniques recommended by the group was for Internet companies and law enforcement agencies to enter false information, such as bogus credit card numbers, into phishing Web sites, allowing police to find phishing scammers by tracking the use of those false numbers.
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