A bipartisan commission emphasized the fragmented and under-resourced U.S. approach to combatting a scam industry backed by Chinese criminal organizations. The report indicated that losses from China-linked fraud surpassed $5 billion in 2024, a 40 percent increase from the previous year, making Americans the primary targets since the COVID pandemic. The scams leverage modern technology via various online platforms, while Beijing's crackdown on scam operations in Southeast Asia may enhance its influence in the region and facilitate intelligence gathering on American citizens.
These things are industrial-scale fraud factories that are using some of the most modern technology available, and their use of that technology is allowing them to scale these things very quickly. ... I don't even think American law enforcement has figured out how to get their heads around this yet.
They're collecting computers, communication devices and they're collecting a lot of data on Americans, which should concern us as well.
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