Canada is seeking closer cooperation with the United States to disrupt large-scale cyber scam operations that are targeting victims across North America and causing hundreds of millions of dollars in reported losses.

Foreign Affairs Minister Anita Anand raised the issue with U.S. Secretary of State Marco Rubio during meetings connected to the Association of Southeast Asian Nations summit in Manila. Anand said the international nature of cybercrime means individual countries cannot effectively confront the problem alone.

Canadians reported losing more than $704 million to fraud in 2025, while reported losses since 2022 have surpassed US$2.4 billion. Canadian authorities have warned that the true financial impact is likely much higher because only a small percentage of fraud is reported.

Southeast Asia has become a major operational centre for transnational scam networks, including compounds connected to cryptocurrency and online investment fraud. The United Nations Office on Drugs and Crime estimated that scams caused between US$88.3 billion and US$114.1 billion in losses across East Asia, Southeast Asia, Australia and New Zealand in 2025.

Anand said Canada has supported international enforcement efforts through organizations including Interpol, but questioned whether global agencies have sufficient resources to combat multibillion-dollar cybercrime networks.

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Originally published on Canadian Fraud News.