In a startling incident that sent shockwaves through the financial sector, scammers used deepfake technology to defraud an unnamed Hong Kong-based financial institution of a staggering $25.6 million.
Soccer superstar Lionel Messi sat out an exhibition game in Hong Kong, and it cost the organizers $1.9 million in government money
On Sunday, Hong Kong’s soccer fans hoped to catch a glimpse of Inter Miami’s Lionel Messi in a friendly exhibition match against the city's local team. But their hopes were soon dashed when they ...
Banks prepare for new rules allowing Hong Kong, Macau homebuyers to bypass daily remittance cap when buying property in Greater Bay Area
Hong Kong and mainland Chinese banks are preparing for a new cross-border payment regime that will make it easier for Hong Kong and Macau homebuyers to transfer the funds they need to purchase ...
DBS HK opens 15,000 sqft Treasures Centre at 18 Queen’s Road Central
It will have a team of WM professionals to provide HNWIs with wealth solutions. DBS has opened a new Treasures Centre at 18 Queen’s Road Central in Hong Kong. The 15,000 sqft facility features a ...
FSS officials to visit Hong Kong in short selling probe
South Korean financial regulators are set to collaborate with their counterparts in Hong Kong as part of its ongoing investigation into illegal short selling involving Hong Kong-based companies. The ...
Hong Kong stocks start week on downbeat note as lack of solid government support measures and geopolitical risks weigh
The China Securities Regulatory Commission pledged to rein in wild fluctuations in the stock market, but was mum on how it intends to revive investor confidence The Hang Seng Index fell 0.2 per cent ...
A company lost $25 million after an employee was tricked by deepfakes of his coworkers on a video call: police
Scammers made off with about $25 million after they used deepfake technology to trick an employee at the Hong Kong branch of a multinational company, local media reported on Sunday, citing the city's ...
Deepfake video scam: Hong Kong based company lost USD 25.6 million over video conference call
The company employees in the call looked and sounded like real people the targeted employee recognised. They followed instructions given during the meeting and made 15 transfers totalling HK$200 ...
Deepfake CFO tricks Hong Kong biz out of $25 million
Recordings of past vidchats suspected as source of fakery – so there's another class of data you need to lock down ...
Why Hong Kong is again stirring the interest of Australian companies
It’s not the same as the pre-pandemic, security lockdown era, but there is still “so much opportunity here”, says chamber boss.
Asia markets poised for mixed open as they kickstart holiday-shortened week; central bank decisions in focus
China, Taiwan, South Korea, Singapore, and Hong Kong will all see shortened trading weeks as the Lunar New Year approaches.
Hang Seng Index, ASX 200, Nikkei 225: US Jobs Report and Services PMIs
However, tech stocks contributed to the losses. The Hang Seng Tech Index (HSTECH) fell by 0.72%. Alibaba (9988) ended the session down 0.49%, while Tencent (0700) gained 2.87%. Bank stocks also had a ...
Hong Kong: Finance worker tricked with ‘deepfake’ ends up paying USD 25 million to fraudsters
A finance worker at a multinational firm in Hong Kong was tricked into paying out USD 25 million to fraudsters who used deepfake technology to pose as the company’s chief financial officer, CNN ...
HSBC HOLDINGS Buys back 4.46M+ Shrs in Total for HKD272M+ Last Fri
HSBC HOLDINGS (00005.HK) announced that it repurchased 4.4644 million shares of the company in total last Friday (26th) in the UK and Hong Kong markets, involving a total of over H... HSBC HOLDINGS ...