Hong Kong Securities Regulator Issues Warning on Phishing Scams

According to PANews, the Hong Kong Securities and Futures Commission (SFC) has officially announced a rise in phishing scams involving impersonation of licensed corporations. Scammers have been deceiving clients into clicking hyperlinks in mobile text messages, redirecting them to websites resembling those of licensed corporations. This has allowed the scammers to capture clients' usernames, passwords, and authentication details, enabling unauthorized transactions in clients' accounts. In response, the SFC has issued guidelines to licensed corporations to prevent unauthorized transactions in client accounts. Clients who have disclosed their login information to unverified websites or noticed unauthorized transactions in their accounts are advised to contact their licensed corporation immediately and report the incident to the police.