Microsoft Alliance with FBI: A Model for Fighting Cybercrime

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By Douglas A. McIntyre Published
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The FBI and Microsoft Corp. (NASDAQ: MSFT), working together, took down a network that has committed a series of cyber frauds that have cost banks $500 million. The “Citadel” network, which engineered the thefts, is gone. And the public and private sector have created a model that could be the greatest block against cyber criminals yet, both those working for countries or those for private gains.

The FBI has made halting efforts to work with other government agencies and took down a large cyber crime network in 2011. However, most of the news in the past year regarding international hackers has been about how successful they have been and how little can been done to stop them.

Some of the largest U.S. tech firms have software and hardware that runs on hundreds of millions of servers, personal computers and smart devices around the world. These range from chip providers to OS manufacturers, to search and to email. Among them companies like Google Inc. (NASDAQ: GOOG), Microsoft, Apple Inc. (NASDAQ: AAPL), Oracle Corp. (NASDAQ: ORCL), International Business Machines Corp. (NYSE: IBM) and Intel Corp. (NASDAQ: INTC). These represent what could be, in conjunction with major federal agencies, creators of blocking mechanisms against attacks from a broad range of cyber criminals who live in places like China, and others who are hidden behind cyber walls that they have erected to prevent detection.

It seems that the only hurdle to a huge consortium of government and private sector firms set to combat the growing and seemingly unstoppable threat of sophisticated hacking is the lack of the creation of alliance driven by the decisions of senior U.S. officials and the top managements of tech companies. If indeed, that is what has prevented more of what Microsoft and the FBI have done together, it is a great shame. As the success of cyber crime grows, each member of what could be such a consortium is threatened simply because it has decided to work alone, and that approach has been proven a failure again and again.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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