Phone Scams Jump, HK$2.6mn Lost In Three Months
"); jQuery("#212 h3").html("

"); });
2018-04-11 HKT 18:53
Police on Wednesday warned of a surge in telephone scams, with the number of victims jumping to 270 in the first three months of this year, will losses amounting to HK$2.6 million.
The number of victims for the whole of last year stood at 266.
Police said a new scam involves accessing contacts in a victim's WhatsApp and asking them to buy online game cards.
One man alone was cheated out of almost HK$120,000 in this way, said police.
Superintendent Mohammed Swalikh from the Cyber Security and Technology Crime Bureau said the scammers start by sending out random messages and becoming "friends" with the vicims.
They later ask these victims to forward a "verification code" as a favour and thereby get access to the victim's WhatsApp account.
"There are citizens who genuinely believe that these people are their friends," he said.
He urged messaging app users to step up their security settings and not to provide others with such verification codes.
Liberal Party leader Felix Chung was also a victim of the scam. The lawmaker said he fell for it because the message to forward an authentication code came from a friend, and he didn't know the friend's account was already hacked.
Chung called on the police to better promote these scam cases to raise public awareness against them.
______________________________
Last updated: 2018-04-11 HKT 19:10
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more