Source: Deutsche Welle.

With cyber scams generating an estimated $44 billion annually, the threat remains urgent. Despite crackdowns, cyber scam syndicates in Southeast Asia are thriving, evolving, and relocating to evade law enforcement. These criminal networks, rooted in offshore gambling operations, steal billions annually through sophisticated scams like “pig butchering” – luring victims into fake investments. Singapore is fighting back with strict laws and digital protections, while the UN pushes for cross-border cooperation. But with ASEAN’s limited influence, the battle against scammers remains an uphill fight. Click here to read more.

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