The PhishSpot Network was established to combat phishing and protect consumers from Identity Theft where personal, credit or other sensitive information is collected by phishing and other fraudulent means on the Internet. By operating as a centralized clearinghouse for digital incidents and distributed response through multi-directional collaboration with financial institutions, internet providers, law enforcement and forensic specialists the PhishSpot subscriber coalition aims to bridge the gap between initial detection and legal enforcement.
The PhishSpot Network is powered by Deepnet Technologies Ltd.
"Everyone participating in e-commerce is impacted by phishing. Consumers are getting hit because they lose confidence in their e-mail communications and their ability to conduct secure online commerce. However, an even bigger hit is taken by the enterprises because they are the ones - especially the banks - that have to refund consumers' their money if their funds are stolen as a result of a phishing attack or any other type of unauthorized access to their accounts."
Avivah Litan,Vice President and Research Director