Cyber scams in Hong Kong tripled last year: HKMA

Pedro Gonçalves
Cyber scams in Hong Kong tripled last year: HKMA

Online fraud in Hong Kong registered a threefold increase last year to 142 reported cases, as the Hong Kong Association of Banks (HKAB) warns that banks must step up cybersecurity as these scams multiply. According to the latest figures from  Hong Kong Monetary Authority (HKMA), cyberattacks on banks doubled last year. Online scams - including false banking websites, phishing emails and fake banking apps - reached 142 cases in 2018, a threefold increase from the 44 reported incidents in 20...

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