Google, Meta, Microsoft Among Signatories of Pact to Combat Scams

Major technology and retail companies announced on Monday that they have signed an accord that aims to combat online scams and fraud. The list of companies that have pledged their support for the initiative includes Google, Meta, Microsoft, Adobe, Amazon, OpenAI, LinkedIn, Pinterest, Match Group (owner of Tinder and OKCupid), Levi Strauss, and Target.  The industry accord outlines the measures its signatories are prepared to take regarding prevention, cooperation, resilience, and public awareness. Prevention includes deploying technical and in-product solutions to identify and address fraud and scam attempts, implementing and enforcing anti-scam usage policies, implementing verification mechanisms, and strengthening authorization and authentication for payment services typically abused by fraudsters.  In terms of cooperation and collective learning, the organizations that signed the accord have committed to sharing information on scam trends, detection, and prevention, and providing law enforcement an efficient way to report abuse of their services.  In an effort to improve resilience to scams and online fraud, the corporate giants have pledged to adopt cybersecurity best practices, respond quickly to adversarial shifts and incidents, and boost collaboration to develop defensive tools, all while protecting user privacy and freedom of expression. The signatories have also committed to engaging in joint efforts to educate users. and providing clear and accessible channels for reporting scams.  The companies also called on governments to do their part by formally declaring scam prevention a national priority and allocating a budget for anti-scam efforts.  Governments have also been urged to modernize data collection and analysis for combating financial crimes, boost information sharing, and review laws that may hinder anti-scam efforts. Related: FBI: $20 Million Losses Caused by 700 ATM Jackpotting Attacks in 2025 Related: Account Takeover Fraud Caused $262 Million in Losses in 2025: FBI  Related: Analysis of 6 Billion Passwords Shows Stagnant User Behavior WRITTEN BY Eduard Kovacs Eduard Kovacs (@EduardKovacs) is senior managing editor at SecurityWeek. He worked as a high school IT teacher before starting a career in journalism in 2011. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering. More from Eduard Kovacs Oracle EBS Hack: Only 4 Corporate Giants Still Silent on Potential Impact Hacking Attempt Reported at Poland’s Nuclear Research Center Loblaw Data Breach Impacts Customer Information Starbucks Data Breach Impacts Employees Iran-Linked Hacker Attack on Stryker Disrupted Manufacturing and Shipping Authorities Disrupt SocksEscort Proxy Service Powered by AVrecon Botnet Apple Updates Legacy iOS Versions to Patch Coruna Exploits Meta Launches New Protection Tools as It Helps Disrupt Scam Centers Latest News Tech Giants Invest $12.5 Million in Open Source Security UK Companies House Exposed Details of Millions of Firms  Surf AI Raises $57 Million for Agentic Security Operations Platform Robotic Surgery Giant Intuitive Discloses Cyberattack 174 Vulnerabilities Targeted by RondoDox Botnet Tracebit Raises $20M for Cloud-Native Deception Technology CISA Flags Year-Old Wing FTP Vulnerability as Exploited AI, APIs and DDoS Collide in New Era of Coordinated Cyberattacks Trending Webinar: Securing Fragile OT In An Exposed World March 10, 2026 Get a candid look at the current OT threat landscape as we move past "doom and gloom" to discuss the mechanics of modern OT exposure. Register Virtual Event: Supply Chain Security And Third-Party Risk Summit March 18, 2026 Join the event where top security experts unpack the biggest software supply chain risks. Register People on the Move Nudge Security has appointed Patrick Dillon as Chief Revenue Officer. Arctic Wolf has named Will May as its Chief Revenue Officer. Palo Alto Networks has named Danielle Gonzalez as its new Chief People Officer. More People On The Move Expert Insights The Human IOC: Why Security Professionals Struggle With Social Vetting Applying SOC-level rigor to the rumors, politics, and 'human intel' can make or break a security team. (Joshua Goldfarb) How To 10x Your Vulnerability Management Program In The Agentic Era The evolution of vulnerability management in the agentic era is characterized by continuous telemetry, contextual prioritization and the ultimate goal of agentic remediation. (Nadir Izrael) SIM Swaps Expose A Critical Flaw In Identity Security SIM swap attacks exploit misplaced trust in phone numbers and human processes to bypass authentication controls and seize high-value accounts. (Torsten George) Four Risks Boards Cannot Treat As Background Noise The goal isn’t about preventing every attack but about keeping the business running when attacks succeed. (Steve Durbin) How To Eliminate The Technical Debt Of Insecure AI-Assisted Software Development Developers must view AI as a collaborator to be closely monitored, rather than an autonomous entity to be unleashed. Without such a mindset, crippling tech debt is inevitable. (Matias Madou) Flipboard Reddit Whatsapp Email