Southeast Asia has become a hotbed for cyber crime syndicates who have swiped as much as $37 billion last year through romance-investment schemes, crypto fraud, money laundering and illegal gambling, according to a new United Nations report. Cyber ...

Cyber crime syndicates raked in as much as $37 billion last year and are intensifying operations across Southeast Asia despite mounting law enforcement efforts, the United Nations said.

UN report says most of estimated $18 billion to $37 billion lost to cyber scam syndicates last year across East and Southeast Asia were stolen by groups based in countries of lower Mekong River

Cyber crime syndicates accumulated up to $37 billion last year and are increasing their activities in Southeast Asia. Despite law enforcement efforts, these groups are expanding operations using new technologies and business models.