The CrowdStrike 2025 APJ eCrime Landscape Report reveals a rapidly evolving threat landscape in the Asia Pacific and Japan region, characterized by a thriving Chinese-language underground ecosystem and the emergence of AI-developed ransomware operations. Despite the Chinese government's internet restrictions and eCrime crackdown, these underground marketplaces, such as Chang’an, FreeCity, and Huione Guarantee, continue to facilitate the sale of stolen data, phishing kits, and malware, supporting cybercriminals in scaling their operations. The report highlights the prominence of eCrime adversaries like CHARIOT SPIDER and RADIANT SPIDER, who leverage tactics like formjacking and remote access tools to target high-value sectors, including manufacturing, technology, and financial services. With a significant portion of victims based in countries like India, Australia, and Japan, the report underscores the necessity for regional organizations to enhance their defenses against these sophisticated threats by focusing on adversary tactics, techniques, and procedures, while also securing cloud and SaaS environments.