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Advocates and former bankers urge central reporting, mandate controls and look to Australia and UK for models to stop scams at source
Summary
Witnesses from Stop Scams Alliance and former bank security leaders recommended a central repository for fraud reports, government‑level takedown of malicious URLs and mandatory bank controls; they cited Australia, the UK and Singapore as examples where coordinated action reduced reported losses.
Ken Westbrook of the Stop Scams Alliance and Ken Pala, a former online‑security director for MUFG Union Bank, told the Senate committee California could reduce scam losses by centralizing reporting, requiring bank anti‑scam controls and emulating international measures.
Westbrook said a central repository into which financial institutions report fraud—capturing data such as device identifiers, IP addresses, sender/receiver information and transaction details—would be a "game changer" for near‑real‑time trend detection and law enforcement follow‑up. He cited national anti‑scam…
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