- Google joins the industrial agreement against online scams and fraud
- Initiative unites tech giants, governments and law enforcement against global scams
- Company Expanding Global Signal Exchange to Boost Data Sharing and Defenses
Google has joined the Industry Agreement Against Online Scams and Fraud, pledging its infrastructure and expertise against the global threat of cybercrime.
In a brief blog post published earlier this week, Google Vice President of Consumer Experience Trust and Safety Karen Courington said the company dropped her signature during the UN Global Anti-Fraud Summit, currently taking place in Vienna, Austria.
The Industry Agreement Against Online Scams and Fraud is a voluntary agreement that companies are signing to join together and prevent online scams. Its goal is to bring together public and private sector organizations, governments and law enforcement to better prevent scams, respond to threats more quickly, educate the public and raise awareness.
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Expanding global signal exchange
The signatories commit to improving security, detecting fraud and cooperating with each other and with authorities. There are no concrete goals or metrics, and members focus more on collaboration and practical actions to reduce scams and protect users around the world.
“As an industry, we will unify our collective capabilities, share threat intelligence, and coordinate defenses to fight global fraudsters,” Google said. “The Settlement comes at a critical time when online scams are evolving beyond isolated incidents. People are facing organized, global and sophisticated criminal networks that are causing significant financial and emotional harm.”
Google is also not the only high-profile company to join the Agreement. So far, Adobe, Amazon, Levi Strauss & Co, LinkedIn, Match Group, Meta, Microsoft, OpenAI, Pinterest and Target have signed it.
The search engine giant also took the opportunity to announce that it will expand its Global Signal Exchange effort this year, using the platform to share more information, experience and technical capabilities. “Together with its partners, Google will also publish a series of guides on data sharing, private sector referrals to law enforcement, and public policy frameworks,” Google concluded.
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