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

Fraud & AML In Asia: What Banks Need To Know In 2026

Fraud and AML in Asia have shifted over the past year. Alongside the system-level attacks that continue, panellists poi... Read more

Hong Kongs Total AUM Hits Record HK$42.2 Trillion In 2025

According to the Securities and Futures Commission (SFC), Hong Kong’s total assets under management (AUM) reached a r... Read more

Hyundai Card Leverages Apple Pay To Target Gen Z Users

Hyundai Card launched six new debit and hybrid cards tailored to Apple Pay users in April. The South Korean issuer is t... Read more

DBS And Samsung Securities Partner For Global Wealth Expansion

DBS has signed a MoU with South Korea’s Samsung Securities to establish a strategic partnership in wealth management.... Read more

RedotPay Selects OpenPayd For Treasury Operations And Global Remittances

RedotPay has selected OpenPayd to enhance its treasury operations and cross-border remittance services. The company wil... Read more

JCB Rolls Out Contactless Transit Payments Across Taipei Metro

JCB has rolled out contactless payment acceptance on the Taipei Metro. The integration allows cardholders to tap physic... Read more