Asian cybercrime syndicates have caused an estimated $37bn in losses in the East and Southeast Asian regions, with the United Nations warning that the reach of the criminal networks is expanding globally.
In a report released on Monday, the UN Office on Drugs and Crime (UNODC) detailed how Chinese and Southeast Asian gangs have been raking in tens of billions of dollars annually targeting victims in an array of cybercrimes, including fake investments, cryptocurrency, romance and other scams.
