The post Global Expansion of Cyber Fraud Networks Reported by United Nations – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Main event involves global cyber fraud expansion and regulatory challenges. Illegal networks earn $40 billion yearly from illicit activities. UN urges international collaboration against transnational cybercrimes. In April 2025, the United Nations Office on Drugs and Crime reported that Southeast Asian cyber fraud networks have expanded globally, generating close to $40 billion annually. The activities span multiple regions, leveraging blockchain technology and underground financial systems. This development underscores the escalating global threat posed by well-organized crime syndicates exploiting blockchain and AI technologies. Governments are urged to enhance cooperation and regulations to combat this spreading cybercrime network. $40 Billion Global Cyber Fraud Revenue Raises Security Concerns The UNODC revealed that cyber fraud centers from Southeast Asia are generating around $40 billion annually. These operations have extended to regions such as Africa and the Americas. The illicit platforms utilize special economic zones and anonymous payment networks for their activities. The immediate implications include increased pressure on global government bodies to strengthen regulatory frameworks. Criminals are exploiting technological advancements, necessitating a collective international response to curb their operations effectively. Market reactions indicated a call for stricter regulations, highlighted by Benedikt Hofmann of UNODC, emphasizing the need for governments to collaborate internationally. Benedikt Hofmann, Acting Regional Representative, UNODC, stated, “We are seeing a global expansion of East and Southeast Asian organized crime groups. This reflects both a natural expansion as the industry grows and seeks new ways and places to do business, but also a hedging strategy against future risks should disruption continue and intensify in the region. … Authorities treat it in one area, but the roots never disappear; they simply migrate.” Call for International Regulatory Cooperation Intensifies Did you know? Global investigations into Southeast Asian fraud networks follow a rise of nearly $40 billion in cybercrime revenues, mirroring past trends…

---

Filed under: News - @ May 8, 2025 8:29 am