Well-known financial expert Chan Yan-chong only gives investment tips in face-to-face meetings, but the Hong Kong resident has seen many fraud messages purportedly sent by him to potential victims in a long-running online scam in the city and Singapore over the last few years. The City University adjunct professor and columnist said the situation improved…
Hong Kong banks should use a government platform to verify new customers, experts have said, after eight people were arrested for allegedly using deepfake software to alter lost identity cards to set up new accounts. Experts told the Post that the inability of banks to verify personal data during the application process and their reliance…
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,…
Hong Kong police have arrested eight people on suspicion of running a scam ring that bypassed online security checks to open bank accounts by replacing photos on stolen identity cards with deepfakes incorporating fraudsters’ facial features. Senior Superintendent Philip Lui Che-ho of the force’s financial intelligence and investigation bureau said on Saturday the raid was…
Hong Kong police have arrested eight people on suspicion of running a scam ring that bypassed online security checks to open bank accounts by replacing photos on stolen identity cards with deepfakes incorporating fraudsters’ facial features. Senior Superintendent Philip Lui Che-ho of the force’s financial intelligence and investigation bureau said the raid was part of…
An e-commerce industry leader has suggested that Hong Kong should consider allowing a popular quick payment operator to arbitrate online transactions amid the rising trend of internet shopping scams, while also urging buyers not to use bank accounts for purchases. The statement comes after police earlier revealed that the amount of money lost by Hongkongers…
The amount of money lost by Hongkongers in online shopping scams rose by 87 per cent to HK$356 million (US$45 million) in 2024, with a woman who was cheated out of nearly HK$1 million in fraudulent concert ticket sales among cases. Police recorded 11,559 online shopping fraud cases last year, marking a 29.2 per cent…
The amount of money lost by Hongkongers in online shopping scams rose by 87 per cent to HK$356 million (US$45 million) in 2024, with a woman who was cheated out of nearly HK$1 million in fraudulent concert ticket sales among cases. Police recorded 11,559 online shopping fraud cases last year, marking a 29.2 per cent…
Hong Kong authorities have told residents not to be fooled by an online video made with artificial intelligence (AI) that falsely shows city leader John Lee Ka-chiu endorsing a high-return investment scheme. A government spokesman on Wednesday warned the public about the bogus video circulating online that claimed the chief executive was urging residents “to…
Hong Kong police have reached out to mainland Chinese authorities to discuss the possibility of educating students coming from across the border and their parents about scams before they arrive in the city, according to the head of the force. Police Commissioner Raymond Siu Chak-yee also said on Saturday the force was investigating whether any…