Microsoft targets phishing gangs

The US software giant Microsoft has begun legal action against 100 phishing gangs based in Europe, the Middle East and Africa. Half these cases will have begun by the end of March, with the remainder filed by the end of June. This follows similar lawsuits by Microsoft in the USA which led to the closure of more than 4.700 phishing websites.
Why is this important? Phishing is a lucrative criminal activity which uses e-mails to lure people who use online banking to fake websites that look like their bank's website. When you enter your login codes and passwords, you're giving them to the criminals, who steal your money!
Nice one, Microsoft. Keep up the good work.