Bangladesh, Oct. 15 -- In an unprecedented move underscoring the growing global alarm over cyber-enabled crime, the United States and United Kingdom on October 14 jointly announced their largest coordinated action to date against transnational cybercriminal organizations operating out of Southeast Asia. The sweeping operation targeted networks accused of orchestrating large-scale online scams that have defrauded victims around the world of billions of dollars.

The joint effort focused primarily on two Cambodia-based groups – the Prince Group Transnational Criminal Organization and the Huione Group – both of which allegedly serve as hubs for sprawling online investment and financial fraud schemes that have proliferated across ...