Eight tech giants have signed a landmark pact to disrupt the global scam networks currently siphoning billions of dollars from consumers.

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Eight major tech companies — Google, Amazon, Microsoft, Meta, OpenAI, LinkedIn, Adobe, and Match Group — have signed the Online Services Accord Against Scams, a voluntary framework for sharing real-time threat intelligence to combat AI-driven fraud. The accord, timed ahead of the UN Global Fraud Summit, responds to $16 billion in consumer losses to scammers in 2024. Signatories commit to exchanging data on criminal networks with peers and law enforcement, deploying AI detection tools, tightening identity checks for financial transactions, and urging governments to prioritize scam prevention. The pact formalizes previously ad-hoc information sharing and aims to enable faster takedowns of global scam infrastructure.

Big Tech Unites: Industry Giants Sign Global Accord to Combat AI-Driven Scams