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Other industry groups have focused on identifying phishing Web sites and sharing case information. Digital PhishNet, however, is the first group to focus on aiding criminal law enforcement and assisting in catching and prosecuting those responsible for committing crimes against consumers through phishing.

Industry leaders in technology, banking, financial services and onlin auctioneering have joined forces with international law enforcement agencie to form Digital PhishNet, to tackle criminals “phishing” for online identit theft victims

The Digital PhishNet initiative creates a single, unified line of communication between industry and law enforcement. It enables both groups to gather and distribute the critical data needed to fight phishing in real time.

Phishing is the all-inclusive term used to describe efforts to deceive consumers into going to phony Web sites through forged or “spoofed” spam e-mails. Once there, consumers unwittingly input personal financial information such as credit card numbers and passwords, because they think they are on a legitimate financial Web site.

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