Back to today’s briefing

Story perspectives

Tech Giants Struggle Against Rising Scams Amidst Layoffs

3/27/2025

33 7

Summary

Story summary

Tech giants like Meta and Coinbase are grappling with a surge in scams, yet their efforts remain stagnant without government intervention or financial motivation. The formation of Tech Against Scams has yielded little progress, and layoffs in trust and safety teams further complicate the fight. As AI tools empower scammers, experts call for stronger enforcement to protect users.

1 of 1

Story summary

Tech giants like Meta and Coinbase are grappling with a surge in scams, yet their efforts remain stagnant without government intervention or financial motivation. The formation of Tech Against Scams has yielded little progress, and layoffs in trust and safety teams further complicate the fight. As AI tools empower scammers, experts call for stronger enforcement to protect users.