ðŸ‡ðŸ‡° English, 6 October 2026, AI-powered scams
Southeast Asia urged to step up war against AI-powered scams through data sharing
Southeast Asian governments and financial institutions need to share data to combat AI-powered scams.
Criminal enterprises stole as much as US$114 billion from victims across the Asia-Pacific in 2025, more than triple the amount from two years earlier, aided by AI and other technology.
The adoption of agentic AI could worsen the scourge of scams and financial crime, allowing criminals to automate and scale their operations with unprecedented speed.
Regulators and institutions in the region need to establish effective mechanisms to safely share data across borders to identify and disrupt scam operations.