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China's crackdown pushes scam syndicates to target Americans

Following a crackdown on online scams within China in 2023, criminal syndicates have increasingly shifted their focus to target Americans. Analysts note that China's efforts to protect its own citizens have been more effective than those in the US, leaving Americans vulnerable to significant financial losses. This global shift has contributed to a substantial increase in losses for victims in the Asia-Pacific region, with estimates reaching $114.1 billion last year. AI

RANK_REASON The item discusses the impact of a policy (China's crackdown) on criminal activity and its victims, framed by analyst commentary.

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China's crackdown pushes scam syndicates to target Americans

COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Lucy Quaggin ·

    China’s cyberscam crackdown pushed syndicates to target Americans, analysts say

    Criminal syndicates increasingly turned from targeting Chinese nationals to Americans after Beijing’s 2023 crackdown on online scams in Southeast Asia, analysts said on Wednesday, triggering a global game of “whack-a-mole”. “China has a huge advantage and a head start in terms of…