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South China Morning Post
South China Morning Post
AsiaPac · 3 mins ago
78✓ Factual
Hong Kong tech crimes are dropping. So why is hacking becoming more lucrative?
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Credibility 78/100
Partisan intensity 15/100
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Low partisan intensity — consistent with factual reporting✓ Fair headline

Hong Kong's reported technology crimes have decreased overall, but financial losses from hacking attacks more than doubled to HK$62.6 million in the past year, with police attributing the rise to high-value cyberattacks on financial institutions and urging stronger corporate cybersecurity measures.

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Hong Kong tech crimes are dropping. So why is hacking becoming more lucrative?
The number of reported technology-based crimes in Hong Kong dipped over the past year, but financial losses from hacking more than doubled to HK$62.6 million (US$8 million), prompting police to urge companies to bolster their cybersecurity checks. Carmen Leung Oi-lam, senior superintendent of the force’s cybersecurity and technology crime bureau, attributed the surge in money lost, despite the overall drop in technology cases, to several high-value cyberattacks on financial institutions and...
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