Major technology companies signed the Online Services Accord Against Scams to coordinate a unified response to online fraud across multiple platforms.
The accord establishes voluntary industry-wide standards for combating sophisticated criminal networks that operate across different services, according to a report by Axios. Signatories include Google, Microsoft, LinkedIn, Meta, Amazon, OpenAI, Adobe, and Match Group.
The agreement outlines several technical measures. Companies will add fraud detection tools and introduce new user security features. They will require more robust verification for financial transactions. The accord also establishes best practices for scam detection, prevention, and reporting.
Information sharing between companies and law enforcement is encouraged. The coalition will request governments to “declare scam prevention a national priority,” Axios reported. The measures carry no penalties for non-compliance.
Several signatories have already implemented anti-scam features. Meta announced alerts for suspicious friend requests or accounts across Facebook, Messenger, and WhatsApp earlier this month. LinkedIn introduced verification requirements for company recruiters and executives last year to address job seeker targeting.
