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Coinbase, Meta, Ripple and others form “coalition” to fight tech scams

3 min read

To combat this scourge of online scams, Coinbase recently announced the creation of a coalition called “Tech Against Scams”. In an increasingly interconnected world, where technology advances at a dizzying pace, online scams represent a growing threat.

Coinbase, Meta, Ripple and others form “coalition” to fight tech scams

This group sees the participation of prominent partners such as Meta, Kraken, Ripple, Gemini, the Global Anti-Scam Organization and Match Group. The coalition’s main goal is to join forces to fight online fraud and fraudulent financial schemes by pooling knowledge and expertise from various sectors to protect users.

Joining forces against technological scams: the idea of ​​Coinbase

The “Tech Against Scams” ​​initiative was born from the need to address a problem that knows no sector boundaries. Online scams are not limited to just one area of ​​technology, but extend to social media, cryptocurrencies, finance and dating apps. 

This makes an integrated approach involving actors from different industries essential.

Meta : As a social media giant, Meta (formerly Facebook) plays a crucial role in the fight against online scams. The platform is often the target of fraud, both through fake accounts and misleading ads. By participating in this coalition, Meta aims to strengthen its security measures and share its experiences to help other platforms protect their users.

Kraken and Gemini : These cryptocurrency exchange platforms are at the forefront of the fight against financial scams. Cryptocurrencies, with their decentralized nature, are fertile ground for fraudulent activities. Kraken and Gemini bring to the coalition a deep understanding of industry-specific threats and best practices for mitigating them.

Ripple : Known for its XRP cryptocurrency and its payment solutions, it contributes its expertise in the financial sector. His participation is essential to develop defense strategies against fraud in money transfers and financial transactions.

Global Anti-Scam Organization : This international organization is dedicated to fighting scams around the world. Their experience identifying and reporting scams on a global scale provides the coalition with a unique and indispensable perspective.

Match Group : As the owner of numerous dating apps, including Tinder and OkCupid, Match Group faces the challenges of romance fraud on a daily basis. Dating apps are often used by scammers to trick victims and steal money. Match Group brings its experience in protecting users in this space to the coalition.

Coalition goals

The main objective of the “Tech Against Scams” ​​coalition is to create a united front against online scams, sharing information and strategies to prevent and combat fraudulent activities. Among the planned initiatives are:

  1. Information Sharing: The coalition will work to facilitate the exchange of fraud data across platforms, enabling a rapid and coordinated response to new threats.
  2. User education: Awareness and training campaigns will be launched to educate users about the risks of online scams and how to protect themselves.
  3. Defense Technology Development: Coalition members will collaborate to develop and deploy new technologies that detect and prevent fraud.
  4. Collaboration with authorities: The coalition will work closely with regulatory authorities and law enforcement to ensure that fraudsters are identified and prosecuted.

The importance of an integrated approach

The landscape of online scams is constantly evolving and becoming increasingly sophisticated. Technology platforms face a variety of threats that require a multi-focused approach. The creation of the “Tech Against Scams” ​​coalition represents an important step in the right direction, demonstrating that only through collaboration and knowledge sharing can this global problem be effectively addressed.

In conclusion, the formation of this coalition marks a turning point in the fight against technology fraud. By combining the expertise of leaders in the tech, cryptocurrency, finance and dating app industries, the Tech Against Scams coalition aims to better protect users and make the digital world a safer place for everyone.



All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.