Artificial Intelligence1 min read

Scam losses across Asia estimated at US$136.5b in past year; experts warn of growing AI threat

By · Published by Everything Blog

In short

A joint study by the Global Anti-Scam Alliance and Gogolook reveals that 71 percent of adults across 13 Asian markets faced fraud attempts in the past year. Criminals are increasingly using automated artificial intelligence tools to draft personalized phishing attacks and deploy voice-cloning technology during fraudulent calls. Although phone calls continue to be the primary point of contact for these schemes at 56 percent, syndicates are evolving their tactics to impersonate relatives and executives. Experts warn that public awareness campaigns are no longer sufficient to counter these fivefold more effective automated scams.

Key points

  • Law enforcement crackdowns on large compounds have dispersed criminal syndicates into dec…: Law enforcement crackdowns on large compounds have dispersed criminal syndicates into decentralized cells across the globe.
  • Overconfident consumers frequently engage with fraudulent schemes, allowing automated voi…: Overconfident consumers frequently engage with fraudulent schemes, allowing automated voice clones and targeted messages to succeed.
  • Addressing borderless artificial intelligence fraud requires systemic technical safeguard…: Addressing borderless artificial intelligence fraud requires systemic technical safeguards and cross-border cooperation over individual education alone.

Sources checked by our analysis pipeline: 1

The Global Anti-Scam Alliance warned that governments and companies cannot tackle the growing threat alone, as criminal syndicates exploit cross-border operations and increasingly advanced technology to evade detection.

BANGKOK: Scammers are increasingly using artificial intelligence to automate fraud and target victims on a massive scale, prompting calls for stronger international cooperation as estimated losses from scams across Asia reach US$136.5 billion over the past year.

The Global Anti-Scam Alliance (GASA) warned that governments and technology companies cannot tackle the growing threat alone, as criminal syndicates exploit cross-border operations and increasingly sophisticated technology to evade detection.

“Countries cannot fight this alone. Big tech companies cannot fight this alone. Scammers always work across borders (so) their chances of getting caught are near zero,” said the alliance’s managing director Jorij Abraham.

“Law enforcement … Interpol and Europol, while they're doing great work, are limited.”

Abraham also cautioned that crackdowns on large scam compounds in countries such as Cambodia have dispersed criminal operations rather than eliminated them.

He said scam operations have since emerged in the Middle East, Mexico and Eastern Europe, with syndicates…

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