Rise In Phishing Attacks "irreversible": IT Lawmaker

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2023-03-08 HKT 10:27

Share this story

facebook

  • Over 13,000 phishing attacks were recorded in Hong Kong in the fourth quarter of 2022. Photo: Shutterstock

    Over 13,000 phishing attacks were recorded in Hong Kong in the fourth quarter of 2022. Photo: Shutterstock

IT sector lawmaker Duncan Chiu says the rise in cases of phishing and other kinds of internet fraud is an "irreversible trend", given the widespread prevalence of internet use.

Chiu was speaking to RTHK after a cybersecurity watchdog said there were over 13,000 phishing attacks in Hong Kong in the fourth quarter of 2022. He added that the government needed to continually raise public awareness over new types of cybercrime, and help small and medium-sized enterprises (SMEs) invest in cyber protection.

"It's an irreversible trend, and not just in Hong Kong," Chiu said. "This is a global issue because of the penetration of internet access and the level of internet use daily."

Asked what could be done to combat cyber crime, he said that whereas large corporations such as banks and telecommunications firms have invested in systems in place to detect cyber attacks, SMEs in Hong Kong had lower awareness of the issue.

"Many SMEs see it as an expense they can't afford," he said. "There's a lot the government can do in terms of public education and raising awareness, but also in terms of promoting common platform cybersecurity tools and information sharing about criminal activity and dubious IP addresses. The government can also provide grants to SMEs for cybersecurity solutions."

Chiu added that police were hiring more trained cybersecurity officers. "We have be on the very forefront of the latest trends and understanding what kind of crimes are being committed," he said. "It's a catch me if you can game."

RECENT NEWS

XTransfer Partners With Bank SinoPac HK To Expand Cross-Border Payment Services

XTransfer has entered into a collaboration with Bank SinoPac, through its Hong Kong Branch, to expand international ope... Read more

Standard Chartered To Launch Bitcoin And Ethereum Custody Services By 2026

Standard Chartered Bank (Hong Kong) participated in Hong Kong Fintech Week 2025 (HKFTW25) as a strategic partner, annou... Read more

HashKey And Kraken Form Partnership On Institutional Tokenised Assets

HashKey and Kraken have announced a strategic partnership to promote institutional adoption of tokenised assets. The co... Read more

Reap Expands Global HQ With New Office In Hong Kong

Reap, a global fintech company providing stablecoin-enabled financial infrastructure, has expanded its global headquart... Read more

HeyMax Debuts In Hong Kong, Partnering With Cathay To Drive Regional Growth

Loyalty and travel rewards platform HeyMax has made its first international launch in Hong Kong, partnering with Cath... Read more