• Cybercrime syndicates in Southeast Asia are generating billions in global scam profits.
• Criminal networks have expanded to Africa, South America, and beyond, warns the UN.
• Despite crackdowns, cybercrime groups evolve, shifting operations to remote locations.

The United Nations Office on Drugs and Crime (UNODC) has reported that the cybercrime syndicates operating across Southeast Asia are becoming global networks. These criminal groups originated in Myanmar, Cambodia, and Laos. 

Over the past decade, they have expanded operations to include Africa, South America, and even South Asia. Despite massive law enforcement crackdowns in Southeast Asia, they have been resilient and have become very adaptive, moving their operations to areas with weak governance and high corruption.

The UNODC report, published on April 21, highlights that these criminal operations now operate on a transnational scale, with hundreds of large-scale scam operations generating billions in profits yearly. These scams are increasingly integrated with online platforms that facilitate money laundering and connect illicit actors globally. “The dispersal of these networks into regions with we…

The post Cyber Crime Syndicates Expand Beyond Southeast Asia, UN Warns of Global Threat appeared first on Coin Edition.

• Cybercrime syndicates in Southeast Asia are generating billions in global scam profits.
• Criminal networks have expanded to Africa, South America, and beyond, warns the UN.
• Despite crackdowns, cybercrime groups evolve, shifting operations to remote locations.

The United Nations Office on Drugs and Crime (UNODC) has reported that the cybercrime syndicates operating across Southeast Asia are becoming global networks. These criminal groups originated in Myanmar, Cambodia, and Laos. 

Over the past decade, they have expanded operations to include Africa, South America, and even South Asia. Despite massive law enforcement crackdowns in Southeast Asia, they have been resilient and have become very adaptive, moving their operations to areas with weak governance and high corruption.

The UNODC report, published on April 21, highlights that these criminal operations now operate on a transnational scale, with hundreds of large-scale scam operations generating billions in profits yearly. These scams are increasingly integrated with online platforms that facilitate money laundering and connect illicit actors globally. “The dispersal of these networks into regions with we…

The post Cyber Crime Syndicates Expand Beyond Southeast Asia, UN Warns of Global Threat appeared first on Coin Edition.