Hong Kong widens net to snare fraudsters as losses from online scams surge

Quick Summary:

Hong Kong will extend anti-fraud measures to internet banking and physical branch transactions amid a rise in online scams in the city.

This is an extension of the uptick in 2023, when total scam losses nearly doubled to HK$9.18 billion compared with the previous year and cases rose by 42.6 per cent to 39,824.

The police, HKMA and the banking industry have said that they would explore ways to revise the wording of the alerts and step up publicity after nearly a third of the FPS users ignored the scam warnings meant to protect them.

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Article Details

Author / Journalist: Aileen Chuang

Category: Technology

Markets: Hong Kong

Topics: Alerts Kong Cent Billion Scam Cases Hong Suspicious Police Financial Losses

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 15:58:10 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 552 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 21883500

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