Hong Kong police have received more than 40 reports of scams on e-commerce platform Carousell in the past week, with fraudsters using phishing links to swindle victims out of HK$4.6 million (US$586,900), including one vendor who lost nearly HK$650,000 while trying to sell throat lozenges. The force said on Wednesday that a woman who sold…
Nearly 100 Hongkongers have been scammed out of HK$90 million (US$11.6 million) in just one week by online fraudsters posing as investment experts to lure victims into betting on cryptocurrency and stocks by offering fake insider knowledge and tips. One 84-year-old businessman suffered the largest single loss when he was deceived into investing in cryptocurrency,…
What Are Online Betting App Promotions?Online betting app promotions involve celebrities and influencers endorsing platforms that facilitate gambling activities, often through social media and advertisements. These endorsements can significantly influence public perception and attract users to these platforms, sometimes leading to substantial financial losses for individuals who engage with them. However, in Telangana, such promotions…
Banks in Hong Kong are doing a better job than expected at taking full responsibility and reimbursing lost funds after fraud events related to online banking or financial apps, according to a survey by financial technology company FIS. Some 53 per cent of the respondents said their banks assumed full responsibility and reimbursed all the…