Amalgamated forces to struggle against phishing in China

In Beijing a number of Chinese banks and securities organizations, e-commerce sites, domain name registrars and service providers made a decision to consolidate their forces in an effort to fight against phishing websites and protect Internet users from phishing. This consolidation will be represented by the newly formed "China Anti-Phishing Alliance".

The alliance is to include the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Construction Bank of China, Huaxia Bank, China Everbright Bank, Minsheng Banking Corporation, Galaxy Securities, Tencent, Taobao, Alipay, Alibaba, HiChina, eName and others.

The main task of the alliance is stop DNS service of phishing websites in time to put an end to their operation. The China Internet Network Information Center (CNNIC) is to play a role of the secretariat of the alliance and to seek confirmation of fraudulent activity from third-party technology providers such as the National Computer Virus Emergency Response Center and the National Computer Network Emergency Response Technical Team and Coordination Center of China.

The primary targets to be checked and secured by the alliance are IT system of securities, financial institutions, e-commerce companies, and online payment companies, which have been much more vulnerable to phishing.