Washington State CUs First in Fraud Alert Network
Two Washington state credit unions are among the first participants in a new fraud-fighting network created by Microsoft and the National Cyber-Forensics and Training Alliance.
They are $9 billion BECU of Tukwila and $277 million Yakima Valley Credit Union of Yakima. They became members of the new Internet Fraud Alert program at no extra cost as customers of Internet Identity (IID), a Tacoma-based provider of Internet security services, the company said.
Members of the program are instantly notified when fraudulent activity involving stolen credentials from their members or customers is discovered.
IID said its ActiveKnowledge solution will relay data to Internet Fraud Alert, including lists of malicious (or compromised) IP addresses, domains, host names and e-mail accounts that it discovers during its normal scanning and "deep-dive" fraud investigations. That will help the new program ensure that all affected institutions receive recovered data in real time, the company said.
"By joining forces with a national crime fighting organization like NCFTA, we're able to help take the battle against cyber criminals to the next level," said IID President Rod Rasmussen.