This thief used AI deepfake technology where he faked being the Chief Financial Officer (CFO) of the UK branch, scamming $25.6 million USD.
Markets mixed after Wall St losses, Shanghai and Hong Kong rally
Asian markets were mixed Tuesday following a drop on Wall Street, though Shanghai and Hong Kong were lifted by a pledge by authorities to boost investment in a range of stocks as they look to staunch ...
Hang Seng Bank names new risk committee chairman
Kenneth S Y Ng is stepping down from the role. Hong Kong’s Hang Seng Bank has named Xiao Bin Wang as the new chairman of its risk committee, effective from the end of the annual general meeting in May ...
Scammers Exploit Deepfake Technology to Defraud Hong Kong Financial Institution of $25.6 Million
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.