Financial Losses From Cyber Attacks Jump 680% in Hong Kong

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Hong Kong is increasingly becoming a prime target for cyber threats as financial losses related to cyber crime has risen 680% over the five-year period from 2012-2016, according to statistics from the Hong Kong Police Force.

In addition, PwC said its cyber investigations in the market have increased fivefold between 2016 and 2017.

The number of fraudulent banking websites reported in Hong Kong has surged this year, with over two million Hongkongers thought to have been affected by cybercrime, as reported by International Investment.

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