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Microsoft opens center for reports of identity and data theft

In a major step to slow cybercrime, Microsoft on Thursday launched a coalition that will serve as a clearinghouse for reports about caches of stolen data stashed all across the Internet.

Malicious programs crafted to swipe your financial and personal data have come to saturate the Internet — so much so that security researchers routinely ferret out computer servers used by cybercrooks to hoard stolen data. Until now, there was no specific process for reporting such discoveries.

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