Cybercrime syndicates in East and Southeast Asia, primarily Chinese and Southeast Asian gangs, have caused losses of approximately $37 billion in 2023, according to the UNODC. The report highlights the alarming global expansion of these networks into regions like Africa, South America, and the Middle East, driven in part by increased operational efficiency and diversification strategies. These groups have leveraged underworld alliances with drug cartels and other organized crime factions, strengthening their money laundering operations while continuing to exploit vulnerable populations for criminal enterprises.
The UNODC stated that Asian cybercrime syndicates have caused an estimated $37bn in losses in East and Southeast Asia, with global reach expanding.
Reports indicate that East and Southeast Asian organized crime groups are spreading globally, seeking to evade law enforcement crackdowns by diversifying their operations.
With operations in Africa, South America, and the Middle East, these gangs have evolved, establishing alliances with major organized crime entities worldwide.
The expansion of these criminal networks highlights a disturbing trend where industry growth is seen in organized crime, adapting to avoid legal actions and enforcement.
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