A belief all sectors will need to step up to deal with online scammers.
The new Anti-Scam Alliance brings together government agencies, banks, telcos, digital platforms, and consumer groups.
The task force will share data about scams to shut them down in real time.
Banking Association chief executive Roger Beaumont says it will make a difference if all participants play their part.
He says particularly social media companies and digital platforms need to do what they can to interrupt scams.
LISTEN ABOVE

Karl Dean: Federated Farmers Dairy Chair on Miles Hurrell resigning as Fonterra CEO
02:13

Sam MacKinnon: Hospitality NZ Head of Advocacy on the proposed changes to alcohol laws
03:56

Nick Tuffley: ASB Chief Economist on worst case scenario for NZ economy from Iran War
03:19