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Hong Kong watchdog reveals HK$46m in unauthorised stock trading amid cyberattack warnings

by The Gurus
May 27, 2016
in Top 10 Stories
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The banking watchdog revealed on Thursday that it had received ­reports from banks about unauthorised stock trading activities in at least 22 online bank accounts in at least four banks. The sum ­involved was HK$45.97 million.
Although the Hong Kong Monetary Authority said in a press statement on Thursday that none of the cases reported resulted in any fund transfers to unregistered third parties thanks to a double authentication process, the authority said there were nine cases that resulted in financial losses of HK$1.56 million. The affected banks have already paid full compensation.
 
Original Source: South China Morning Post
View the full story here

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