Hi-tech fraud: here are the technologies changing the face of scams in Hong Kong

Quick Summary:

Emerging technologies like deepfakes, large language models and cryptocurrencies have made fraud easier than ever, with Hong Kong proving particularly vulnerable.

Scams powered by new technologies are on the rise and as a global finance hub, Hong Kong has proven particularly vulnerable.

In the first quarter of this year, there was a 245 per cent year-on-year increase in deepfake cases detected by Sumsub, an identity verification provider.

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Article Details

Author / Journalist: Kelly Le

Category: Technology

Markets: Hong KongIsraelJapanMacauMali

Topics: Deepfake Deepfakes Hong Fraud Access People Identity Kong Cases Digital Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 10:00:10 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 1324 words

Reading Time: 8 minutes read

Sentences: 55 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21993949

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About SCMP

Main Topics: Technology

Official Website: scmp.com

Update Frequency: 6 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 6 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #41

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