“We believe that collaboration across sectors and borders is critical to disrupting malicious activity.
“GSE will enhance our ability to work together with our fellow members to stop bad actors worldwide.
“Joining the Exchange marks an important step in Microsoft’s continued commitment to the safety of users everywhere.”
The partnership comes at a time when cyber scams and fraud are yielding severe human and economic consequences.
According to the 2024 Global State of Scams Report from GASA, annual global financial losses due to scams exceed US$1.03tn, surpassing the UK’s government budget and the financial requirement to eradicate global hunger.
Only 0.05% of cybercrimes are prosecuted internationally, highlighting the necessity for preventive technological strategies over reactive legal measures.
Nathaniel Gleicher, Global Head of Counter Fraud at Meta, says: “Online scams are driven by ruthless cross-border criminal networks that use sophisticated schemes to abuse a wide range of platforms and target people across society.
