GASS London Briefing Calls for Coordinated Action to Disrupt Scams
Summary
A briefing from GASS London says governments, banks, telcos, and platforms should share intelligence, improve regulation, intervene faster against scams, and make victim recovery easier.
Key points
- The briefing argues that governments and regulators must take greater responsibility for consumer protection as online fraud grows.
- The Global Signals Exchange launched in January 2025 as a cross-sector fraud-intelligence clearing house.
- Meta’s fraud-intelligence pilot with UK banks expanded to FS-ISAC; UK banks and telcos are also using the Scam Signal API to inform transaction decisions.
- Speakers called for practical regulation, simpler and better-timed scam alerts, and faster defenses against deepfakes and impersonation.
- The briefing highlights instant payments as a fraud risk and calls for preventive controls and improved victim recovery, including reporting an incident once across organizations.
Article Details
- Event Type
- Anti-scam briefing and industry event focused on cross-sector fraud prevention and consumer protection.
- Impact
- The briefing describes online fraud as a growing risk requiring coordinated action by governments, banks, telecommunications companies, and platforms. It highlights intelligence-sharing initiatives, stronger regulation, real-time intervention, controls for instant-payment fraud, and improved victim recovery. Organizers reported more than 700 in-person attendees and more than 750 online registrants.