‘A cancer’: UN warns Asia-based cybercrime syndicates expanding worldwide | Cybercrime News

Agency says gangs caused $37bn in losses in Asia as they gain new footholds in Africa, South America, and Middle East.

Asian cybercrime syndicates have caused an estimated $37bn in losses in the East and Southeast Asian regions, with the United Nations warning that the reach of the criminal networks is expanding globally.

In a report released on Monday, the UN Office on Drugs and Crime (UNODC) detailed how Chinese and Southeast Asian gangs have been raking in tens of billions of dollars…