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Microsoft Collaborates with International Bodies to Fight Cybercrime

Itpro.co.uk reported on 14th February, 2014 stating that Microsoft has collaborated with two international justice agencies and a payment technology provider to combat cybercrime.

The alliance between Microsoft, EU (referring to European Union) law enforcement agency Europol, democracy and the Organization of American States (OAS) which is a body of security promotion and payment processing provider FIS was signed at the company's first 'Cybercrime Enforcement Summit' attended by 60 chiefs of law enforcement academia and private sector that recently took place.

According to a statement reported on 13th February, 2014 by v3.co.uk Brad Smith, General Counsel of Microsoft, noted that the deals highlighted the firm's resolve to fight cyber criminals.

He said that cyber crooks are becoming increasingly chic in preying on consumers including minors and older citizens and these associations will assist the private and public sectors to fight cybercrime more efficiently that may defend the confidentiality of customers.

This is not the first time that Microsoft has collaborated with law enforcement organizations to fight cybercrime as it has made such efforts in the past as well which have proved extremely effective.

For instance, the recent affiliation with Europol has fruitfully disrupted the dangerous ZeroAccess botnet which infected an estimated 2 million machines and embezzled millions of dollars from Internet advertisers.

According to a statement published by prnewswire.com on 12th February, 2014, Troels Oerting, Assistant Director of Europol, said "disruption of ZeroAccess botnet in this case proved that the power of our combined efforts forced cybercriminals to walk away from their criminal enterprise. This new-fangled model of teamwork is necessary to attack online crime and therefore we are dedicated to work with the Redmond giant (Microsoft) and take more insistent action in future."

Monetary crimes chiefly pose a severe threat to cyber-security and thus world's largest provider of financial technology FIS is on the front place to fight and maintain cyber-security of payments and financial transactions globally. FIS by signing this MOU (Memorandum of Understanding) is taking another step on part of financial institutions that will aid them to guard their patrons against cybercrime.

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