Is the Meta/Coinbase Anti-Scam Campaign Itself Just a Brandwashing Scam?

Well the Doc opened up the old mailbag today and here’s what poured out.

Dear Dr. Ads,

There I was, minding my own business and poking around MediaPost’s Marketing Daily, when I came across Danielle Oster’s piece about a new anti-scam campaign sponsored by a bunch of scam-prone companies.

Tech Against Scams Coalition Serves Up ‘Scamberry Pie’

A group called Tech Against Scams Coalition (TASC) has launched a holiday scam prevention campaign as several companies involved in the group face lingering accusations of inadequate internal fraud prevention.

Launched in 2024, the cross-industry group includes representatives from companies including Cash App, Coinbase, Match Group, Meta, and Ripple. TASC partnered with Stereo Creative and media agency Noble People on the campaign, which the groups say was designed to inspire conversations around online fraud prevention.

According to Oster’s report, the campaign consists of “a social media ad . . . influencer partnerships, a food truck activation in Los Angeles . . . a Primrose Hill Bakery activation in London . . . and partnerships with community-based organizations such as AARP.”

So what are we talking here, Doc – mid-to-high five figures, plus creative fees? Isn’t this whole thing just a bargain-basement play for news coverage?

– Sam the Scam

Dear StS,

From all appearances, you’re right on the money.

Here’s the social media ad . . .

Not to get technical about it, but the video’s “Scam Fast Facts” are on-screen for all of three seconds, and the Scamberry web address appears in the tag for maybe two.

Feels kind of, well . . . scammy?

What’s most likely to happen is that the giveaways will get two minutes one night on local newscasts and the campaign will be over before you can finish your scamberry pie.

Meanwhile, here are some recent headlines you might find relevant.

Meta reportedly projected 10% of 2024 sales came from scam, fraud ads

Lawmakers pressure dating sites as $1.3 billion lost to romance scams each year

Coinbase phishing scams steal $65M in two months . . .

The Doc’s diagnosis: This Scamberry campaign is hardly gonna bury many scams.