Southeast Asian scam syndicates stealing $64 billion annually, researchers find
Online fraud operations in Southeast Asia continue to grow, with organized scamming syndicates netting an estimated $64 billion each year worldwide, according to new research. In Cambodia, Laos and Myanmar, the criminal groups are stealing about $43.8 billion each year through scams — some 40 percent of the three nations’ combined formal GDP — according to a report released Monday from the United States Institute of Peace. The scams typically involve pig butchering, when potential victims ar...
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