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AI fuels sophisticated cyber threats and scams across Asia

Created at 11 Jun · 7:55 AM1 source↑ Market-relevant
IN SHORT

Experts warn that the rapid adoption of AI in Asia is empowering cybercriminals with sophisticated tools for scams, deepfakes, and disinformation, making attacks harder to detect and increasing risks for businesses and individuals.

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Key Numbers

$64 billionEstimated annual value of funds stolen by criminal networks in 2023
$18 billion to $37 billionEstimated global cost of online scam centers in 2023
$16.6 billionReported internet crime losses in the US in 2024
33%Increase in reported US internet crime losses from 2023 to 2024

Who's Involved

Tsubasa Suruga
Reporter for Nikkei Asia
Interpol
International law enforcement agency warning about AI in scams
Neal Jetton
Head of Interpol's Cybercrime Directorate
Stephanie Baroud
Criminal intelligence analyst at Interpol
Julia Dickson
Associate fellow at the Center for Strategic and International Studies
UNODC
United Nations Office on Drugs and Crime, reporting on scam centers
AI fuels sophisticated cyber threats and scams across Asia

↳ Why This Matters

The increasing sophistication of AI-powered cyber threats and scams in Asia poses a significant risk to businesses and individuals, demanding enhanced cybersecurity measures and a proactive approach to combating evolving criminal tactics.

Key facts

  • AI is increasing cybersecurity risks across Asia, leading to more sophisticated and harder-to-detect attacks.
  • Scammers are using AI tools like large language models and voice cloning to create realistic scams and impersonations.
  • AI allows scam centers to operate more efficiently, scale up operations at low cost, and quickly change targets.
  • The use of AI in scams is reshaping the phenomenon, leading to uncharted territory for cybersecurity.
  • Online scam centers, particularly in Southeast Asia, are estimated to have cost victims billions globally.

The proliferation of artificial intelligence is significantly amplifying cybersecurity threats across Asia, enabling criminals to execute more sophisticated and evasive attacks with a greater impact on businesses and individuals. Experts at Nikkei's Future of Asia forum highlighted that AI tools are empowering scam centers, particularly in Southeast Asia, to operate with increased efficiency and scale.

These criminals are leveraging AI for various malicious purposes, including generating highly realistic job advertisements and phishing messages, creating convincing deepfake images and voice clones for impersonation scams, and rapidly adapting their tactics to new targets and locations. Interpol officials note that AI makes it easier for scam operations to persist despite crackdowns, as the technology allows them to scale up at a low cost.

The consequences are substantial, with estimates suggesting that online scam centers cost victims billions of dollars globally each year. The sophistication of these AI-assisted scams extends beyond simple phishing, incorporating malware, credential theft, and cryptocurrency for financial transactions, posing a significant challenge to security teams in the Asia-Pacific region. This evolving threat landscape necessitates a reevaluation of existing cybersecurity controls, including those related to identity verification, mobile security, and fraud monitoring.

Frequently asked questions

Cybercriminals are using AI for sophisticated scams, creating realistic deepfakes and voice clones, generating convincing advertisements, and personalizing attacks to evade detection and target victims more effectively.

Online scam centers, particularly in Southeast Asia, are estimated to have cost victims billions of dollars globally, with figures ranging from $18 billion to $37 billion in 2023.

AI allows scammers to operate at a low cost, scale up operations rapidly, personalize attacks, and quickly shift targets and locations, making them more resilient to crackdowns and harder for security teams to contain.

Businesses face increased risks from AI-assisted scams, including phishing, identity theft, and financial fraud, requiring them to rethink their cybersecurity strategies and controls.

What Happens Next

01APAC security teams are advised to update controls for account creation, verification bypass, remote-device risk, mule activity, and fund movement.
02Further research and data collection on the societal cost of AI-driven scams are needed.

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Cadence

How It Developed

Industry experts convened at Nikkei's Future of Asia forum to discuss AI's role in escalating cybersecurity risks.
Criminals in Southeast Asia are using inexpensive AI tools to scale up scam operations.
AI enables scammers to create more realistic job advertisements and phishing attempts.
Voice cloning and deepfake technology are used for impersonation scams.
Scam centers are leveraging AI to quickly shift targets and locations.
The UNODC estimates that online scam centers cost victims globally between $18 billion and $37 billion in 2023.
AI-assisted scams can be localized, personalized, and paired with malware and crypto-based money movement.
APAC security teams are urged to rethink phishing, identity, and mobile-risk controls in response to AI-driven threats.

Sources

T1
From scams to deepfakes, AI use in Asia creates new cyberthreatsNikkei Asia
T2
AI helps scam centres evade crackdown in Asia, dupe more victims | The Straits Timesstraitstimes.com
T2
Southeast Asia Scam Compounds Turn AI Into a Cybersecurity Threat - TechRepublictechrepublic.com

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