Credit card giant MasterCard have vowed to hit back at phishers.
Phishing is the name given to a particular type of scam that involves e-mails being sent to millions of people, usually claiming to be from a bank, requesting they update their information and trying to fool them into filling in a form on a spoof web site, which is actually stealing their credit card details.
According to a report by the Anti-Phishing Working Group, phishing reports have almost tripled from March to April this year with a total number of 1,125 cases being reported.
Sergio Pinon, Senior Vice President of MasterCard Global Security and Risk Services division said,
"We are confronting identity theft head-on by taking the fight directly to where credit card scams breed and spread. By identifying these illegal card-number-swapping rings and working to close down these online 'credit card black markets' as well as sites that are established solely to steal personal information, we can squash illegal activity before people's accounts are compromised."
MasterCard will be working closely with asset protection firm NameProtect and they will be monitoring web sites and domain names that could be fraudulently used.
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