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Scmp World
2026-07-21
Asia-Pacific Cyber Scams Cost Victims Over $114 Billion Last Year
A UN report indicates that victims of transnational online scams in the Asia-Pacific region lost up to $114.1 billion last year, with losses at least tripling from 2023. Southeast Asia, particularly Cambodia and Myanmar, has become a hub for criminal syndicates operating fake romance and cryptocurrency schemes.