Microsoft has launched a coalition to serve as a clearinghouse for reports about caches of stolen data stored on the Internet, USA Today reports. Managed by the National Cyber-Forensics & Training Alliance, the Internet Fraud Alert Center will serve as a reporting hub for stolen payment card numbers and online account logons. Cached stolen information will be sent to the issuing banks. "This fills a big gap in the arsenal of weapons we need to fight online fraud," said Microsoft executive Nancy Anderson. The future participation of major Internet companies could be key to the clearinghouse's success, as they collect "mountains" of online traffic data, one expert said.
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