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Asia-Pacific cyberscam victims lost up to $114B last year: UN

Victims of transnational online scams in the Asia-Pacific region lost between US$88.3 billion and US$114.1 billion last year, a significant increase from 2023, according to a United Nations report. The report highlights Southeast Asia, particularly Cambodia and Myanmar, as a hub for criminal syndicates orchestrating fake investment and romance schemes. In response to pressure from countries like the United States, Great Britain, and China, regional authorities are intensifying crackdowns on these illicit operations, including extraditing alleged scam network bosses. AI

RANK_REASON Report from a major international organization (UN) detailing significant financial losses and criminal activity. [lever_c_demoted from significant: ic=1 ai=0.1]

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Asia-Pacific cyberscam victims lost up to $114B last year: UN

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Report from a major international organization (UN) detailing significant financial losses and criminal activity. [lever_c_demoted from significant: ic=1 ai=0.1]
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Agence France-Presse ·

    Asia-Pacific cyberscam victims lost up to US$114 billion last year: UN

    Victims of transnational online scams in East Asia, Southeast Asia, Australia and New Zealand lost up to US$114.1 billion last year, a UN report said on Tuesday, with estimated losses at least tripling from 2023. Southeast Asia, especially Cambodia and Myanmar, has emerged as a r…