ESET Enters New Partnership to Offer Better Online Fraud Protection
Article by George Norman
On 09 Aug 2011
ESET, company that offers antivirus software for home and business users, announced earlier this month that it entered a partnership with Internet Fraud Alert (IFA), a collaborative project aimed at protecting consumers against online fraud.

IFA works as a centralized clearinghouse and alerting mechanism that lets trusted participants report compromised credentials that have been uncovered online. Once a report has been submitted, IFA issues an alert to the relevant financial institution or to a service provider; the alert says that the customer’s credentials have been compromised. Detail about the compromised credentials are also send to law enforcement that specializes in cyber crime investigations.

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Getting back to ESET, the security company explained that it entered the partnership with IFA as part of its commitment to combat cybercrime. And more to the point, by partnering with IFA, ESET can provide better online fraud protection to its customers. ESET will report stolen credentials to IFA, the IFA will then go ahead and do its job, and in the end an early warning system to help mitigate damage done by cybercriminals will be in place.

Here is what Security Researcher with ESET North America, Aryeh Goretsky, had to say about the partnership:
“ESET's partnership with Internet Fraud Alert serves as further evidence of ESET's resolve to work collaboratively with other vendors towards the greater aim of creating a safe Internet for all users. As ESET has demonstrated through its award-winning Securing Our eCity campaign and emphasis on user education in conjunction with proactive cybersecurity software, we are fully committed to providing Internet users with safety and security online."

And here is what CEO and President of NCFTA (National Cyber-Forensics and Training Alliance, who maintains IFA), Ron Plesco, had to say about the partnership:
“ESET is a valuable addition to the Internet Fraud Alert Program. The global reach of ESET's research team, coupled with its comprehensive approach to security and willingness to work alongside its competitors towards the greater good aligns with our mission to protect consumers from the increasingly-common crime of Internet fraud.”



Tags: ESET, Security, Internet Fraud Alert, IFA, National Cyber-Forensics and Training Alliance, NCFTA
About the author: George Norman
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