Microsoft And Others Join Forces To Combat Massive Cybercrime Ring

In a coordinated operation, Microsoft Corp., in cooperation with leaders in the financial services industry – including the Financial Services – Information Sharing and Analysis Center (FS-ISAC), NACHA – The Electronic Payments Association, the American Bankers Association (ABA) – Agari, and other technology industry partners, as well as the Federal Bureau of Investigation, announced it has successfully disrupted more than a thousand botnets that are responsible for stealing people’s online banking information and personal identities. The FBI took coordinated separate steps related to the operation. Botnets are networks of compromised computers infected by malicious software to be controlled by cybercriminals known as botherders. This cooperative action is part of a growing proactive effort by both the public and private sector to fight cybercrime, help protect people and businesses from online fraud and identity theft, and enhance cloud security for everyone. This coordinated disruption resulted from an extensive investigation that Microsoft and its financial services and technology industry partners began in early 2012.

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