Fifteen leading companies have announced
the formation of DMARC.org, a working group that has been developing standards to fight spam and phishing.
"Email phishing defrauds millions of people and companies every year, resulting in a loss of consumer confidence in email and the Internet as a whole," said Brett McDowell, Chair of DMARC.org and Senior Manager of Customer Security Initiatives at PayPal. "Industry cooperation - combined with technology and consumer education - is crucial to fight phishing."
Founding financial services providers include Bank of America, Fidelity, and PayPal.