BusinessAugust 21, 2026
cyberscams
SY-bur-skamz
Definition
Fraudulent schemes or criminal operations conducted over the internet or through digital platforms, typically involving deception for financial gain.
Etymology
A portmanteau formed by combining 'cyber-', a prefix derived from 'cybernetics' referring to computers or networks, and 'scam', a colloquial term for a dishonest scheme or fraud originating in the mid-20th century.
In the news
The article uses the term to describe the criminal industry operating in Southeast Asia, involving entities like Huione Pay that facilitate money laundering for online fraud networks.
Cambodia opens Senate building tied to sanctioned tycoon
Read the full article ↗Macau Business