A U.N. report estimates scams caused up to $114.1 billion in losses last year as criminal groups expanded beyond Asia.

The losses from online scams, mostly investment fraud, are at least triple that from 2023, reflecting a ‘dramatic scaling’, the report says.

BANGKOK, July 21 — Victims of transnational online scams in East Asia, Southeast Asia, Australia and New Zealand lost up to US$114.1 billion (RM466.40 billion) last year, a UN...