Meta, Microsoft join 60 nations in Global Cybercrime Pact

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Yaroslav Dmytrenko

25.10.2025

Meta, Microsoft join 60 nations in Global Cybercrime Pact — UN Cybercrime Convention draws 60 nations to Hanoi summit

About 60 countries — with the participation of Meta and Microsoft — are preparing to sign the UN Convention on Cybercrime this weekend in Hanoi. The initiative aims to promote data sharing between governments to combat cybercrime, which causes trillions of dollars in losses each year.

Leading nations have sent diplomats and officials to Hanoi to endorse what the United Nations has described as “a powerful, legally binding instrument to strengthen our collective defense against cybercrime.”

“Cyberspace has become fertile ground for criminals... Every day, sophisticated scams defraud families, strip people of their livelihoods, and drain billions from our economies,” UN Secretary-General António Guterres said at the opening ceremony.

Negotiations for the convention were led by the UN Office on Drugs and Crime (UNODC). The treaty covers a wide range of offenses — from phishing and ransomware to online human trafficking and hate speech — while also including provisions to protect human rights and support legitimate research.

However, the UN High Commissioner for Human Rights warned that “laws with overly broad definitions of cybercrime are often used to unjustifiably restrict freedom of expression.”

Tech giants only partially support the initiative. Meta and Microsoft have called the pact a “surveillance treaty,” arguing that it could facilitate excessive data exchange between governments and criminalize ethical hackers who test systems for vulnerabilities.

Escalating global cyber threats

Still, the issue of cybercrime has never been more urgent. According to the Global Anti-Scam Alliance (GASA), 63% of respondents in Southeast Asia reported encountering scams in the past year, resulting in combined losses of approximately $23.6 billion.

Criminal syndicates in the region are leveraging artificial intelligence, deepfakes, and underground banking to scale their operations.

The U.S. faces similar challenges. According to the FBI’s Internet Crime Complaint Center (IC3), global cybercrime hit a record high in 2024, with total financial losses soaring to $16.6 billion — a 33% increase from $12.5 billion in 2023.

Investment scams were the most expensive form of cybercrime, accounting for over $6.5 billion in losses, followed by business email compromise (BEC) attacks that stole roughly $2.7 billion from individuals and companies worldwide.

Experts warn that these figures likely underestimate the true damage, as many victims never report cyber incidents. GASA found that 57% of affected individuals chose not to report fraud, believing that “nothing would be done.”

The convention is expected to take effect once ratified by 40 countries.

As we wrote, Europol dismantles SIMCARTEL cybercrime ring operating in 80 countries

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