GoKawiilEleven tech giants and major retailers have signed up to a new anti-scam initiative ahead of a United Nations global fraud summit.
The Industry Accord Against Online Scams & Fraud recognizes the growing use of AI by criminal gangs to create more convincing scams, and pledges cooperation between the companies to combat this …
Axios reports 11 signatories so far.
Google, Microsoft, LinkedIn, Meta, Amazon, OpenAI, Adobe, Pinterest, Target, Levi’s Strauss & Co., and Match Group, the owner of Tinder and Hinge, each signed the accord. “We can’t solve this alone,” Karen Courington, vice president of consumer trust experiences for Google’s trust and safety team, told Axios. “We need others across the industry to unite in the effort to tackle scams more collectively.”
The initiative has four goals:
Prevention :
Developing and implementing proactive actions to prevent scams, including robust security features, AI-powered detection systems, and clear usage policies.
: Developing and implementing proactive actions to prevent scams, including robust security features, AI-powered detection systems, and clear usage policies. Cooperation and Collective Learning :
Increasing cooperation and lawful information sharing among industry and with law enforcement agencies to further (i) identify financial fraud, particularly when committed by transnational criminal organizations; (ii) protect consumers; and (iii) improve our joint understanding of scams, countermeasures, and evolving threats.
: Increasing cooperation and lawful information sharing among industry and with law enforcement agencies to further (i) identify financial fraud, particularly when committed by transnational criminal organizations; (ii) protect consumers; and (iii) improve our joint understanding of scams, countermeasures, and evolving threats. Resilience :
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