eCommerce Times is carrying a story on steps being taken by MasterCard International to crack down on the alarming number of phishing scams targetting online banking customers worldwide.
MasterCard billed the move as a "fundamental shift" and a "more aggressive approach" to the problem of online identity theft. The partnership calls for NameProtect to detect online scams "in real-time," the companies said in a release, and to cooperate with law enforcement to "dismantle the online tools and venues that are used by identity thieves before they can be used to steal personal information."
Meanwhile, the Anti-Phishing Working Group said this week that it confirmed 1,197 new and different phishing schemes during the month of May and that incidents have grown by 4,000 percent since November of 2003.
One tends to think that they are barking up the wrong tree..