Urgent.News

What's breaking now, across thousands of outlets.

Business

ASEAN closing ranks as cyberscam threat escalates

Southeast Asian governments are searching for a joint strategy against cyberscammers, a criminal industry that has grown too big, too connected and too embedded in ASEAN economies to be solved just by policing.

Southeast Asian governments are uniting to combat the rising threat of international cyber scams, shifting their focus from traditional law enforcement to a collaborative approach. The illicit industry is leveraging advanced tools like cryptocurrencies, AI, and deepfake technology to make their operations harder to detect. ASEAN leaders met in Bangkok to agree on stricter measures, including information sharing and joint disruption of criminal financial flows.

Thailand supports Myanmar's move towards the Egmont Group, an international network of financial intelligence bodies. Myanmar has also voted to impose the death penalty for online scam activities. Experts warn that the economic implications of scam-related crackdowns could negatively impact tourism and foreign investment. ASEAN's fragmented approach to fighting cybercrime is seen as a major weakness, as criminal organizations operate across borders with limited coordination.

A new regional plan of action emphasizes improved intelligence-sharing, joint investigations, and stronger anti-money laundering regulations.

Written by urgent.news from DW News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at dw.com →

More in Business

The Daily Roundup

August 10th, 2026 | Welcome to The Wire’s daily news roundup. Each day, our staff gathers the top China business, finance, and economics headlines from a selection of the world’s leading news…

More from Monday 10 August →