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Investing

E-Mail Giants, Sick Of “phishing”, Vow To Combat It

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

“Phishing”, the illegitimate use of email to trick recipients into a scam or other action that might harm them financially, has been a problem nearly since email was invented. There have been a number of organized attempt to block the actions of the company that use “phishing”,, but all have failed badly.

Now, email giants AOL (NYSE: AOL), Yahoo! (NASDAQ: YHOO), Microsoft (NASDAQ: MSFT), and Google (NASDAQ: GOOG) will become allies with other like-minded firms to try to undermine the “phishing” industry, if it can be called an industry, again.

The WSJ reports

the firms have created DMARC.org, a working group of 15 companies that plans to promote a standard set of technologies that they say will lead to more secure email.

But,  “phishing” firms are clever and have stayed ahead of efforts to block their emails for years. There is no reason to think the new initiative will do any better

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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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