- Google joins the Industry Accord Against Online Scams & Fraud
- Initiative unites tech giants, governments and law enforcement against global fraud
- The company is expanding the Global Signal Exchange to increase data sharing and defense
Google has joined the Industry Accord Against Online Scams & Fraud, leveraging its infrastructure and know-how against the global threat of cybercrime.
In a short blog post published earlier this week, Google’s VP of Trusted & Safety Trusted Experiences, Consumer, Karen Courington, said the company dropped its signature during the UN Global Fraud Summit currently taking place in Vienna, Austria.
The Industry Accord Against Online Scams & Fraud is a voluntary agreement that companies sign to join forces to prevent online fraud. Its goal is to bring together both private and public organizations, governments and law enforcement to better prevent fraud, respond more quickly to threats, educate the public and raise awareness.
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Expansion of the global signal exchange
The signatories agree to improve security, detect fraud and cooperate both among themselves and with the authorities. There are no specific goals or metrics, with members focusing more on collaboration and practical actions to reduce fraud and protect users worldwide.
“As an industry, we will unite our collective capabilities, share threat intelligence and coordinate defenses to combat global fraudsters,” Google said. “The agreement comes at a critical time when online fraud is evolving beyond isolated incidents. People are facing sophisticated, global, organized criminal networks that are causing significant financial and emotional harm.”
Google isn’t the only high-profile company joining the deal, either. So far, Adobe, Amazon, Levi Strauss & Co, LinkedIn, Match Group, Meta, Microsoft, OpenAI, Pinterest and Target have all signed on.
The search engine giant also took the opportunity to announce that it will expand its Global Signal Exchange efforts this year, using the platform to share more information, expertise and technical capabilities. “Together with partners, Google will also publish a series of guidance on data sharing, referrals from the private sector to law enforcement and public policy frameworks,” Google concluded.
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