South China Morning Postβ€’7h agoSource

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

The News

A United Nations report released on Tuesday revealed that victims of transnational online scams in East Asia, Southeast Asia, Australia and New Zealand lost up to US$114.1 billion last year, tripling the estimated losses from 2023. The report identifies Southeast Asia, particularly Cambodia and Myanmar, as a regional hub for organized crime syndicates operating fake romance and cryptocurrency investment schemes. These scams involve both willing participants and trafficked individuals defrauding internet users from around the world, often from fortified compounds. The findings underscore the massive scale and sophisticated nature of cybercrime in the region.

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The Analysis

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A United Nations report released on Tuesday revealed that victims of transnational online scams in East Asia, Southeast Asia, Australia and New Zealand lost up to US$114.1 billion last year, tripling the estimated losses from 2023. The report identifies Southeast Asia, particularly Cambodia and Myanmar, as a regional hub for organized crime syndicates operating fake romance and cryptocurrency investment schemes. These scams involve both willing participants and trafficked individuals defrauding...

Why it matters

Scammers include trafficked individuals forced into fraud.

Evidence

Victims of transnational online scams in East Asia, Southeast Asia, Australia and New Zealand lost up to US$114.1 billion last year.

Uncertainty

5 claims still need verification.

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5 unresolved.

Key findings

0 assessedΒ·5 unverifiable
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Scammers include both willing participants and trafficked individuals.

South China Morning Post
Humanitarianscore: 90
  • Scammers include trafficked individuals forced into fraud.
  • Human trafficking for criminal purposes is a grave abuse.

Plain English

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.

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What's next

This angle has contested claims

Claims

5 claims checked
0 assessed|0 inaccurate|5 unverifiable
◐ Unconfirmed
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Scammers include both willing participants and trafficked individuals.

South China Morning Post
◐ Unconfirmed
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Victims of transnational online scams in East Asia, Southeast Asia, Australia and New Zealand lost up to US$114.1 billion last year.

South China Morning Post
◐ Unconfirmed
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Estimated losses at least tripled from 2023.

South China Morning Post
◐ Unconfirmed
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Southeast Asia, especially Cambodia and Myanmar, has emerged as a regional hub for crime syndicates running fake romance and cryptocurrency investment schemes.

South China Morning Post
◐ Unconfirmed
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Scammers defraud internet users from around the world, often from fortified locations.

South China Morning Post
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