A new report from the U.S.-China Economic and Security Review Commission reveals that while China is aggressively prosecuting fraud targeting its own citizens, it continues to turn a blind eye to industrial-scale scam centers victimizing Americans. This selective enforcement has incentivized Chinese criminal syndicates to pivot toward U.S. targets, resulting in over $10 billion in losses in 2024 through "pig-butchering" and crypto investment schemes. As attackers integrate AI to scale these operations and exploit cryptocurrency for money laundering, experts warn that organizations must treat social engineering as a structural infrastructure threat rather than a simple training issue, as diplomatic solutions remain unlikely in the current geopolitical climate

The post China Has its Sights Set on Scammers, Just Not Those Targeting Americans  appeared first on Security Boulevard.

Teri Robinson

Source: Security Boulevard
Source Link: https://securityboulevard.com/2026/05/china-has-its-sights-set-on-scammers-just-not-those-targeting-americans/