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Price of love too high to pay in online fraud | South China Morning Post

February 16, 2022
Source: scmp.com scmp.com
News Snapshot:
Online dating is difficult enough for some people without also having to worry about financial fraud. In the midst of the Covid-19 pandemic, with social media apps easily at hand to overcome the loneliness brought about by restrictions, fertile grounds abound for scammers. Unsurprisingly, there was a sharp rise in the number of such cases reported to Hong Kong police last year over 2020, from 905 to 1,659, with the amount lost increasing from HK$212 million to HK$599 million. The figure is probably far higher as victims usually experience shame and stigma, so are reluctant to inform authorities. All online...
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China Tech Buzz Topics: cash | China | coronavirus | Covid-19 | Economy | email | fake | finance | financial | fraud | Hong Kong | investment | IT | media | online | online fraud | Pandemic | police | Sharp | social media | South China Morning Post

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