[pchelpers] News:PayPal steps up fight against phishing

By Tim Ferguson, Special to ZDNet Asia
Tuesday, April 15, 2008 11:41 AM


PayPal is stepping up its battle against phishing with new technology
and by collaborating with others in the industry.

Speaking at the RSA security conference in San Francisco last week,
Michael Barrett, PayPal's chief information security officer, outlined
the company's strategy for dealing with the phishing problem.

As one of largest secure online payment providers, Barrett said PayPal
needs to step up efforts to stamp out the phishing problem--not just to
protect customers but also the Internet as a whole.

He said: "We know we're always going to be an attractive target for
criminals. But what I don't want is PayPal to be protected and the rest
of the industry not. Phishing could be solved, there's no need for it to
happen."

According to Gartner, 3.3 percent of the 124 million people who received
phishing e-mail messages in 2007 were duped and lost money.

PayPal is taking a three-pronged approach to tackling phishing using
education, technology and partnerships.

Barrett equated the current situation in educating consumers to the
early years of the car industry when the benefits of rules of the road
and safety had not been fully realized.

More here:
http://www.zdnetasia.com/news/security/0,39044215,62040193,00.htm?scid=rss_z_nw
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John Durham
Site http://modecideas.com
Server hosted on Ubuntu 4.10
Good advice is like good paint. It only works when applied.



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