Pulse of Truth

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Cyber Security news and links to cyber security stories that could make you go hmmm. The content is exactly as it is consumed through RSS feeds and wont be edited (except for the occasional encoding errors).

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Research: Southeast Asian scam syndicates, which typically use forced labor to run online scams like pig butchering, are stealing an estimated $64B annually (James Reddick/The Record) (www.techmeme.com)

submitted 5 months ago by lemmydev2@infosec.pub to c/pulse_of_truth@infosec.pub

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James Reddick / The Record: Research: Southeast Asian scam syndicates, which typically use forced labor to run online scams like pig butchering, are stealing an estimated $64B annually — Online fraud operations in Southeast Asia continue to grow, with organized scamming syndicates netting an estimated $64 billion each year worldwide, according to new research.

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