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GASA and ScamAdviser Reveal Potential $688 billion loss to scams in Asia

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GASA and ScamAdviser Reveal Potential $688 billion loss to scams in Asia
Business

Business

GASA and ScamAdviser Reveal Potential $688 billion loss to scams in Asia

2024-10-16 10:00 Last Updated At:10:15

The 2024 Asia Scam Report surveyed nearly 25,000 participants across 13 Asia markets 

Upcoming Global Anti-Scam Summit – Asia is taken place in Singapore Oct 21-22

SINGAPORE  , Oct. 16, 2024 /PRNewswire/ -- As scams continue to escalate across Asia, the Global Anti-Scam Alliance (GASA) and ScamAdviser jointly announce the release of the Asia Scam Report before the Global Anti-Scam Summit – Asia in Singapore on October 21-22. This comprehensive report provides critical insights into the evolving landscape of digital scams across the region, offering actionable data for governments, businesses, and individuals.

"As scammers become more sophisticated, leveraging AI to scale their attacks, our defense strategies must advance rapidly." said Jorij Abraham, Managing Director of GASA. "The Asia Scam Report sheds light on the alarming rise of scams across the region. We are honored to collaborate with industry partners to strengthen our collective efforts in protecting citizens and businesses throughout Asia."

The 2024 Asia Scam Report, conducted by the Global Anti-Scam Alliance (GASA) and ScamAdviser surveyed nearly 25,000 participants across 13 areas including China, Hong Kong, India, Indonesia, Japan, Malaysian, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. The findings provide an in-depth look at scam threats, the methods employed by scammers, and the responses from citizens across the region.

The Asia Scam Report reveals key findings, including:

  • Scam-related losses are estimated to reach US$688.42 billion across 13 Asian markets, underscoring the urgent need for stronger scam prevention strategies.
  • The most prominent channels used for scams in Asia are, in order: Text/SMS, Phone calls, Chat Apps, Social Media, and Email.
  • Nearly half of Asians believe online platforms should be held accountable for their losses, while Singaporeans tend to place the most blame on banks and payment providers.
  • 1 in 4 scams are completed in just minutes, and only 8% of scam cases span over a year, reflecting the efficiency and speed of these operations.
  • Identity theft is the most common scam in China, Japan, Singapore, Taiwan, Thailand, and Vietnam. In Malaysia, Indonesia, and Pakistan, investment scams dominate, while shopping scams are most prevalent in India and the Philippines.
  • In most markets, expectation is that online platforms and website providers should be responsible for refund the loss of scams.

Join the Global Anti-Scam Asia Summit – Asia

The findings of the Asia Scam Report will be further discussed at the upcoming Global Anti-Scam Summit ï¼Asia, where experts from across the globe will share their insights on combating the growing scam. Besides ScamAdviser, attendees will have the opportunity to engage with thought leaders, including representatives from Amazon, Mastercard, Gogolook, Google, and Meta, as well as officials from law enforcement, financial authorities, and non-profit organizations.

For more information on Global Anti-Scam Summit – Asia, please visit the official website: https://www.gasa.org/gass-2024-asia

To download the 2024 Asia Scam Report, please visit: https://www.gasa.org/research

About GASA

The Global Anti Scam Alliance's (GASA) mission is to protect consumers worldwide from scams by raising awareness, enabling hands-on tools, facilitating knowledge sharing, organizing research, and offering training and education.

For more information, please refer to: https://www.gasa.org/

About ScamAdviser

ScamAdviser, a leading brand in global enterprise scam prevention solutions, based in Amsterdam, Netherlands. Leveraging AI and a comprehensive database network, ScamAdviser has developed its own website risk rating technology. Its Anti-Scam Intelligence is built on the world's most comprehensive digital anti-scam database.

ScamAdviser excels in implementing customized anti-scam technologies into corporate operations, helping clients protect consumers and stay ahead of global compliance trends. As a founding member of the Global Anti-Scam Alliance, ScamAdviser's partners and clients span Europe, the Americas, and Asia, covering both public and private sectors. With the world's largest scam database, we share insights with 400+ partners, collectively protecting more than 1 billion consumers worldwide.

For more information, please refer to: https://www.scamadviser.com  

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

GASA and ScamAdviser Reveal Potential $688 billion loss to scams in Asia

GASA and ScamAdviser Reveal Potential $688 billion loss to scams in Asia

Solutions like Agoda's Mega Sale empowers hotels to tap into rising regional demand, with flexible participation and enhanced visibility with guests during festive periods.

SINGAPORE, Feb. 9, 2026 /PRNewswire/ -- Digital travel platform Agoda reveals new insights for the Lunar New Year travel period, highlighting increased intra-Asia travel during the festive period. Agoda search data indicates that 70% of interest in travel to Japan and over 25% of interest in travel to Thailand come from within the region. These trends offer accommodation partners actionable opportunities to capture increased demand from travelers seeking regional reunions and celebrations.

The top destinations in Asia for the upcoming Lunar New Year based on Agoda's accommodation searches during this period are Tokyo, Bangkok, Taipei, Osaka and Seoul. These destinations are attracting the most interest from travelers during the festive period. To help hoteliers and partners capture this seasonal demand, Agoda is offering a wide range of solutions, including the Agoda Mega Sale campaign, a series of four targeted sale events throughout the year to reach travelers at the height of booking interests. Partners can participate in Agoda's first Mega Sale of 2026 from 10–28 February, to align their offers with seasonal travel trends and connect with guests as they plan their festive journeys.

The Agoda Mega Sale features a three-phase campaign structure to help partners make the most of the season. Travelers can enjoy up to 60% off on hotel bookings during the main sale, with special flash sales offering up to 70% off on 17 February. The campaign includes VIP Priority Access for Agoda VIP members from 10 to 13 February, providing early access to deals. Additionally, participation options for quarterly Mega Sales ensure that partners can flexibly maximize exposure throughout the year.

"Cultural travel moments such as Lunar New Year drive travel demand in Asia, with regional travelers making up the majority of arrivals in key markets like Japan and Thailand," said Andrew Smith, Senior Vice President, Supply at Agoda. "What sets successful partners apart is their ability to act on real-time demand signals and adjust rates, packages, and visibility to meet the expectations of today's mobile-first guests. Agoda helps connect partners to travelers with relevant campaigns like Mega Sale, ensuring they can engage guests when demand is strongest and make the most of key travel periods. This year, we're excited to help our partners reach even more guests, optimize performance during these peak periods and deliver memorable experiences when it matters most."

Enhanced visibility through homepage banners, campaign landing pages, pop-up banners and exclusive badges are some of the many benefits partners can capitalize on throughout key moments of Agoda's Mega Sale campaign. This is an open invitation for travel partners across the ecosystem to collaborate early, plan smarter and co-create compelling seasonal offers for travelers worldwide during Lunar New Year and beyond. For more information on how to participate, visit https://partnerhub.agoda.com/agodas-mega-sale/.

--- ENDS ---

Solutions like Agoda's Mega Sale empowers hotels to tap into rising regional demand, with flexible participation and enhanced visibility with guests during festive periods.

SINGAPORE, Feb. 9, 2026 /PRNewswire/ -- Digital travel platform Agoda reveals new insights for the Lunar New Year travel period, highlighting increased intra-Asia travel during the festive period. Agoda search data indicates that 70% of interest in travel to Japan and over 25% of interest in travel to Thailand come from within the region. These trends offer accommodation partners actionable opportunities to capture increased demand from travelers seeking regional reunions and celebrations.

The top destinations in Asia for the upcoming Lunar New Year based on Agoda's accommodation searches during this period are Tokyo, Bangkok, Taipei, Osaka and Seoul. These destinations are attracting the most interest from travelers during the festive period. To help hoteliers and partners capture this seasonal demand, Agoda is offering a wide range of solutions, including the Agoda Mega Sale campaign, a series of four targeted sale events throughout the year to reach travelers at the height of booking interests. Partners can participate in Agoda's first Mega Sale of 2026 from 10–28 February, to align their offers with seasonal travel trends and connect with guests as they plan their festive journeys.

The Agoda Mega Sale features a three-phase campaign structure to help partners make the most of the season. Travelers can enjoy up to 60% off on hotel bookings during the main sale, with special flash sales offering up to 70% off on 17 February. The campaign includes VIP Priority Access for Agoda VIP members from 10 to 13 February, providing early access to deals. Additionally, participation options for quarterly Mega Sales ensure that partners can flexibly maximize exposure throughout the year.

"Cultural travel moments such as Lunar New Year drive travel demand in Asia, with regional travelers making up the majority of arrivals in key markets like Japan and Thailand," said Andrew Smith, Senior Vice President, Supply at Agoda. "What sets successful partners apart is their ability to act on real-time demand signals and adjust rates, packages, and visibility to meet the expectations of today's mobile-first guests. Agoda helps connect partners to travelers with relevant campaigns like Mega Sale, ensuring they can engage guests when demand is strongest and make the most of key travel periods. This year, we're excited to help our partners reach even more guests, optimize performance during these peak periods and deliver memorable experiences when it matters most."

Enhanced visibility through homepage banners, campaign landing pages, pop-up banners and exclusive badges are some of the many benefits partners can capitalize on throughout key moments of Agoda's Mega Sale campaign. This is an open invitation for travel partners across the ecosystem to collaborate early, plan smarter and co-create compelling seasonal offers for travelers worldwide during Lunar New Year and beyond. For more information on how to participate, visit https://partnerhub.agoda.com/agodas-mega-sale/.

--- ENDS ---

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Agoda Reveals 70% of Travel Searches to Japan Are Intra-Asian Leading Up to Lunar New Year

Agoda Reveals 70% of Travel Searches to Japan Are Intra-Asian Leading Up to Lunar New Year

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