Tech companies are teaming up to combat scammers
A coalition of major tech companies is working on a more comprehensive solution to combat online scams. As first reported AxiosGoogle, Microsoft, LinkedIn, Meta, Amazon, OpenAI, Adobe, Levi Strauss & Co, Target, Pinterest and Match Group announced the signing of the industry agreement against online scams and fraud. The new agreement aims to build a united industry-wide front against online fraud and scams, particularly those emanating from sophisticated criminal networks using multiple platforms.
According to the Axios report, measures will include adding fraud detection tools, introducing new security features for users and requiring more robust verification of financial transactions. The agreement will also establish best practices for detecting, preventing and reporting scams, while encouraging information sharing between businesses and law enforcement. On the political level, the coalition will call on governments to “declare the prevention of scams as a national priority”, according to Axios. Although these measures are extensive, the report states that they are all voluntary since the agreement does not mention any penalties if companies do not implement them.
Many companies involved in the new agreement already have experience combating scams detected on their own platforms. Earlier this month, Meta announced several new features on Facebook, Messenger and WhatsApp that would alert users to suspicious friend requests or accounts. Last year, LinkedIn introduced a new verification requirement for recruiters or business executives to combat scams targeting job seekers on its platform.
Update, March 18, 2026, 9:40 a.m.: This article has been updated to add additional members to the agreement and to include its full name, the Industry Accord Against Online Scams and Fraud.
