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The Federal Trade Commission has partnered with a number of trade associations and private companies, including Microsoft, eBay and PayPal, to form Internet Fraud Alert, a service to which researchers infiltrating “black hat” sites can report stolen data that they discover. PCmag.com reports that Internet Fraud Alert will take the reported information and notify the appropriate parties so that further action can be taken. — William Kresse, director of the Center for the Study of Fraud and Corruption at Saint Xavier University


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