☠️ UN warns: Southeast Asian cybercriminals now operate at industrial scale

☠️ UN warns: Southeast Asian cybercriminals now operate at industrial scale

They’ve become the undisputed leaders in global scams, money laundering, and underground banking. The threat posed by criminal networks in countries like Myanmar 🇲🇲, Cambodia 🇰🇭, and Laos 🇱🇦 now exceeds the capacity of governments to contain it.

▶️ The UN Office on Drugs and Crime (UNODC) report reveals strong ties between these groups and the Italian 🇮🇹and Irish 🇮🇪 mafias. Chinese 🇨🇳 actors are also actively collaborating with Mexican 🇲🇽 drug cartels.

▶️ In 2023 alone, East and Southeast Asian countries lost up to $37 billion USD to cyber fraud.

▶️ That same year, crypto scams cost victims in the United States 🇺🇸 over $5.6 billion USD.

▶️ As authorities intensify crackdowns, cybercriminals are relocating operations to new jurisdictions or relying on satellite internet services like Elon Musk’s Starlink to stay connected.

▶️ Meanwhile, according to PYMNTS Intelligence in the report “Scam Surge: How Credit Unions Are Tackling Rising Security Threats,” credit unions are among the most proactive institutions fighting these evolving threats.

#news #Asia #fraud #cybercrime #global

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