Microsoft starts stolen accounts database

Microsoft has launched a new program designed to report and track stolen account data.

The company said that its Internet Fraud Alert program would allow researchers to report stolen account details to a central database which can then be shared with law enforcement groups and online retailers.

The aim of the program, said Microsoft, is to help slow the online trade of stolen account details. Such data is often harvested through phishing or malware operations and then sold wholesale for fraud and identity theft operations.

Microsoft is donating the system to the National Cyber-Forensics and Training Alliance. The non-profit group plans to combine the tool with a screening service from Accuity to create a system for law enforcement and retailers to securely access the database and track stolen accounts.

"By combining new technology and critical partnerships, Internet Fraud Alert helps alert institutions to stolen credentials so they can take action to combat fraud," said Microsoft corporate vice president and depuity general council Nancy Anderson.

"The Microsoft Digital Crimes Unit is proud to be working with the National Cyber-Forensics and Training Alliance and everyone joining with us today to announce this valuable new tool in the fight against cybercrime."