Time - For the past few years, it’s escaped no one that levels of Internet and telephone fraud have skyrocketed. One in four adults worldwide lost money to scams last year, according to the Global Anti-Scam Alliance NGO, while 13% encountered an attempted scam at least once a day. Globally, over $1 trillion is lost to online fraud annually in what the U.N. has dubbed a “scamdemic.”
The vast majority originates from Southeast Asia, where some 300,000 people from over 65 countries have been trafficked into fortified compounds predominantly in Myanmar, Laos, and Cambodia. From these “scam prisons,” victims are forced to orchestrate romance-investment cons, crypto fraud, money laundering, and illegal gambling. In Cambodia alone, online fraud is estimated to generate $12.5 billion annually, or half the country’s formal GDP, according to a 2024 estimate by the U.S. Institute of Peace. It’s little wonder the war-ravaged nation of 18 million has earned a snide moniker: “Scambodia.”
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