South Korea and Cambodia have signed a bilateral agreement to strengthen cooperation against cyber fraud and online scams, a growing threat across Asia amid the rapid expansion of digital finance and technology platforms.
The agreement was finalized during an official meeting between the South Korean Minister of Justice and his Cambodian counterpart in Seoul, where both sides reaffirmed their commitment to sharing intelligence, technical expertise, and best practices to counter organized crime networks exploiting the internet and social media for large-scale fraud targeting individuals and businesses.
According to a joint statement, the partnership will focus on enhancing digital money tracking mechanisms, developing early-warning systems, and training law enforcement and judicial personnel in advanced cyber-investigation techniques.
Both nations also agreed to raise public awareness about cyber fraud risks, launching educational campaigns and community outreach programs, particularly targeting young people, who are among the most vulnerable to online scams.
The accord comes as global cybercrime continues to rise, with reports estimating online fraud losses exceeding $10 billion worldwide last year, prompting governments to expand international cooperation to safeguard the digital space and combat cross-border cyber threats.
