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Every second person in the metropolis has already suffered from the attacks of scammers.
In Hong Kong, the number of cyber threats has skyrocketed, with fraud, phishing and malware becoming the most common types of attacks. According to a study by antivirus company Norton, almost half of Hong Kong residents surveyed (49%) have experienced online threats in the past 12 months, which is a 9% increase compared to the previous period.
According to the survey, fraud turned out to be the most common cyber threat, with 34% of respondents falling victim to fraudsters. Two-thirds of them suffered financial losses or lost time as a result of attacks. In second place were phishing attacks and malware, which affected 28% of survey participants.
Hong Kong Police recorded a 37% increase in financial losses from online fraud in the first five months of 2024 compared to the same period last year, although the number of incidents themselves increased by less than one percent.
One of the most high-profile cases was the detention of ten people in June this year. Scammers posing as law enforcement officials in mainland China fraudulently stole HK$258 million ($33.2 million) from a 70-year-old businesswoman.
In August, Hong Kong authorities, including the police and the Monetary Authority (HKMA), asked 32 banks and 10 payment processors to expand the range of anti-fraud alerts. It is planned that they will automatically notify about suspicious transactions made both in bank branches and on the Internet. The HKMA also plans to launch ATM notices by the end of the year.
In recent years, online threats have become one of the main concerns for Hong Kong residents and organizations. Cybersecurity experts note the vulnerability of urban companies, as many of them do not have sufficient knowledge and tools to track threats.
In addition, in the first three months of the year, the police recorded a 44.5% year-on-year increase in the number of botnet attacks. These attacks are carried out using a network of malware-infected computers that allow attackers to carry out large-scale cyberattacks.
Amid growing concerns, the Hong Kong government plans to introduce a bill aimed at strengthening the cybersecurity of critical infrastructure by the end of the year. Operators of key facilities from eight sectors face fines of up to HK$5 million for failing to protect their computer systems.
Source
In Hong Kong, the number of cyber threats has skyrocketed, with fraud, phishing and malware becoming the most common types of attacks. According to a study by antivirus company Norton, almost half of Hong Kong residents surveyed (49%) have experienced online threats in the past 12 months, which is a 9% increase compared to the previous period.
According to the survey, fraud turned out to be the most common cyber threat, with 34% of respondents falling victim to fraudsters. Two-thirds of them suffered financial losses or lost time as a result of attacks. In second place were phishing attacks and malware, which affected 28% of survey participants.
Hong Kong Police recorded a 37% increase in financial losses from online fraud in the first five months of 2024 compared to the same period last year, although the number of incidents themselves increased by less than one percent.
One of the most high-profile cases was the detention of ten people in June this year. Scammers posing as law enforcement officials in mainland China fraudulently stole HK$258 million ($33.2 million) from a 70-year-old businesswoman.
In August, Hong Kong authorities, including the police and the Monetary Authority (HKMA), asked 32 banks and 10 payment processors to expand the range of anti-fraud alerts. It is planned that they will automatically notify about suspicious transactions made both in bank branches and on the Internet. The HKMA also plans to launch ATM notices by the end of the year.
In recent years, online threats have become one of the main concerns for Hong Kong residents and organizations. Cybersecurity experts note the vulnerability of urban companies, as many of them do not have sufficient knowledge and tools to track threats.
In addition, in the first three months of the year, the police recorded a 44.5% year-on-year increase in the number of botnet attacks. These attacks are carried out using a network of malware-infected computers that allow attackers to carry out large-scale cyberattacks.
Amid growing concerns, the Hong Kong government plans to introduce a bill aimed at strengthening the cybersecurity of critical infrastructure by the end of the year. Operators of key facilities from eight sectors face fines of up to HK$5 million for failing to protect their computer systems.
Source
