In 2023, cybercrime syndicates in Southeast Asia managed to steal up to $37 billion, according to a report by the United Nations Office on Drugs and Crime (UNODC).
Inside the World of Cybercrime Syndicates in Southeast Asia
This staggering figure highlights the rapid evolution of the transnational organized crime threat landscape in the region, which has become a hotbed for illegal cyber activities. The UNODC report points out that countries like Myanmar, Cambodia, and Laos have become prime locations for these crime syndicates.
These groups are involved in a range of fraudulent activities, including romance-investment schemes, cryptocurrency scams, money laundering, and unauthorized gambling operations.
Unveiling the Secrets of a $37 Billion Cybercrime Industry
The report also notes that these syndicates are increasingly adopting new service-based business models and advanced technologies, such as malware, deepfakes, and generative AI, to carry out their operations. One of the most alarming aspects of this rise in cybercrime is the professionalization and innovation of these criminal groups.
The UNODC report h
[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.