Online scams – including false banking websites, phishing emails and fake banking apps – reached 142 cases in 2018, a threefold increase from 2017. Photo: Reuters

Hong Kong banks must step up cybersecurity, protect customers’ data as online scams multiply, warns industry leader

  • Cyberattacks on Hong Kong banks doubled last year while the number of reported cyber scams tripled, according to official figures
  • Risks have risen sharply as lenders have adopted fintech and increased their digital offerings, says head of Hong Kong Association of Banks
Topic |   Cybersecurity

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Online scams – including false banking websites, phishing emails and fake banking apps – reached 142 cases in 2018, a threefold increase from 2017. Photo: Reuters
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Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.