Cybercrime Syndicates Extorted Over $88 Billion from Asia-Pacific Region

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Cybercrime gangs, largely of Chinese origin, have extorted more than $88 billion through scams across the Asia-Pacific region, according to a new report. Southeast Asia has emerged as the epicentre of these fraudulent operations, with criminal syndicates expanding their methods and revenue streams. The gangs are reportedly outpacing law enforcement crackdowns by exploiting corruption within the region. They are also increasingly harnessing artificial intelligence to enhance and scale their scam operations.

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