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

Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity

Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more

BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom

BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more

Webinar: When Account Takeover Moves Past Onboarding

Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more

JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson

JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more

Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term

The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more

Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal

Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more