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Match Group, Meta, Coinbase And More Form Anti-Scam Coalition


An anonymous reader shares a report: Scams are all over the internet, and AI is making matters worse (no, Taylor Swift didn't giveaway Le Creuset pans, and Tom Hanks didn't promote a dental plan). Now, companies such as Match Group, Meta and Coinbase are launching Tech Against Scams, a new coalition...

Now, companies such as Match Group, Meta and Coinbase are launching Tech Against Scams, a new coalition focused on collaboration to prevent online fraud and financial schemes. Meta, Coinbase and Match Group -- which owns Hinge and Tinder -- first joined forces on this issue last summer but are now teaming up with additional digital, social media and crypto companies, along with the Global Anti-Scam Organization. A major focus of this coalition is pig butchering scams, a type of fraud in which a scammer tricks someone into giving them more and more money through trusting digital relationships, both romantic and platonic in nature.

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