Victims of transnational online scams in East Asia, Southeast Asia, Australia and New Zealand lost up to US$114.1 billion last year, a UN report said on Tuesday, with estimated losses at least tripling from 2023.

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...