HKMA and HSBC Warn Public Against Phishing Attempts

Phishing is an attempt to dupe clients into revealing their personal financial details through fake emails and websites.

The Hong Kong Monetary Authority (HKMA) has drawn the attention of the public to a press release issued by the Hongkong and Shanghai Banking Corporation Limited (HSBC) regarding a fraudulent website and a phishing email attempt that has been reported to the HKMA.

Register now to the London Summit 2017, Europe’s largest gathering of top-tier retail brokers and institutional FX investors

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

In the press release, HSBC reported on a fraudulent website that is used to collect personal information from customers, including credit card details. HSBC has distanced itself from the phishing mail and website and has encouraged its customers to ensure that they are dealing with the right website and link when they are accessing information about HSBC or their bank accounts.

Suggested articles

Boosting Profits in Low FX VolatilityGo to article >>

Phishing emails are generally sent out by scamsters to get customers to give away their banking details by redirecting them to fake websites. These emails are usually sent in the name of the bank itself which can fool customers into believing that they are genuine.

Both HKMA and HSBC have requested that customers who have revealed their personal details on the website get in touch with HSBC so that the bank can suggest appropriate action.

Phishing and related frauds are a scourge across all jurisdictions. The best way to counter such fraud is to be aware.

 

Got a news tip? Let Us Know