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topicnews · October 7, 2024

Scammers from Southeast Asia stole up to billion in 2023; Singapore “Tip of the Iceberg”: UN

Scammers from Southeast Asia stole up to $37 billion in 2023; Singapore “Tip of the Iceberg”: UN

Cybercrime syndicates stole up to $37 billion last year and are ramping up their operations across Southeast Asia despite increasing law enforcement efforts United Nations said.

“The transnational organized crime threat landscape in Southeast Asia is evolving faster than at any time in history,” said a report from the United Nations Office on Drugs and Crime.

Illegal cyber activities have increased sharply in countries in the Mekong region since the pandemic – Myanmar, Cambodia And Laos – becomes a breeding ground for crime syndicates that conduct operations to carry out romance investment schemes, crypto fraud, money laundering and illegal gambling.
As the industry proves highly lucrative, these groups are now incorporating new service-based business models and technologies, the UN report said. This includes the use of generative malware AIand deepfakes into their operations while opening up new underground markets and Cryptocurrency Solutions for your money laundering needs.

“The sheer scale of revenue generated in the region’s booming illicit economy has required professionalization and innovation of money laundering activities, and transnational criminal groups in Southeast Asia have emerged as global leaders,” the report said.

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The dark world of the Asian online casino industry

The dark world of the Asian online casino industry

Hundreds of thousands of people have been smuggled into these countries by criminal enterprises and forced to work in so-called fraud hubs with casinos, hotels and special economic zones among the real estate projects that have “become hubs for the booming illegal economy, adding to existing challenges to governance.” in many border areas of the region.”

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