Hong Kong Monetary Authority Warns of Phishing Scam on Welab Bank Limited Website and Internet Banking Platforms

Strategic Insights -

A recent press release issued by the Hong Kong Monetary Authority has alerted the public to a fraudulent website, mobile application, and phishing instant messages scam targeting users of Welab Bank Limited's website and internet banking platforms. The scam involves fake websites, internet banking login screens, and phishing emails that may direct users to embedded hyperlinks. The Hong Kong Monetary Authority is reminding the public that banks will not send SMS or emails with embedded hyperlinks to carry out transactions, and will not ask customers for sensitive information.

Key Takeaways:

  • The scam involves fake websites, internet banking login screens, and phishing emails that may direct users to embedded hyperlinks on Welab Bank Limited's website and internet banking platforms.
  • The Hong Kong Monetary Authority is warning the public not to respond to or click on any links in emails or messages that ask for sensitive information or direct users to embedded hyperlinks.
  • Banks will not send SMS or emails with embedded hyperlinks to carry out transactions, and will not ask customers for sensitive information such as login passwords or one-time password.
  • Anyone who has provided their personal information or conducted any financial transactions through or in response to the scams should contact the relevant bank and report the matter to the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.
  • The Hong Kong Monetary Authority is advising the public to be cautious when clicking on links and to verify the authenticity of emails and messages before responding or taking any action.

Statistics:

  • 1: The scam involves fake websites, internet banking login screens, and phishing emails that may direct users to embedded hyperlinks.
  • 0: The Hong Kong Monetary Authority has not reported any specific number of victims or financial losses due to the scam.
  • 2860 5012: The Crime Wing Information Centre of the Hong Kong Police Force phone number to report phishing scams.
  • 2: The Hong Kong Monetary Authority has issued two warnings to the public regarding the phishing scam.

Sources:

  • The Hong Kong Monetary Authority (HKMA)
  • The Hong Kong SAR Government press release on July 31 [1]