How financial scammers target Hongkongers

Quick Summary:

After scams in Hong Kong nearly doubled last year to HK$9.18 billion, this series looks at how emerging technologies like deepfakes have made fraud easier, and what financial regulators and banks are doing to stem the losses.

Felix Chong, director of the box-office hit The Goldfinger, shares his views about the Carrian fraud case from the 1980s and suggests why Hongkongers continue to fall prey to bigger scams.

Fraudsters are using AI to convincingly portray themselves as acquaintances and steal digital identities, driving demand for hi-tech cybersecurity solutions.

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Article Details

Category: Business

Markets: Hong Kong

Topics: Billion Kong Year Doubled Hong Last Emerging Financial Fraud Scams Hk$9

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 15:54:02 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 198 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 22204753

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About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 15 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 1 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

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