The Hong Kong Securities and Futures Commission officially announced that it has noticed a rising trend in phishing scams involving impersonation of licensed corporations sending fraudulent text messages. Scammers deceive clients into clicking on hyperlinks contained in the moving text messages, redirecting them to websites similar to those of licensed corporations, capturing clients' usernames, login passwords, and verification information, thereby gaining access to clients' accounts with the licensed corporations to conduct unauthorized transactions. Therefore, guidelines have been issued to licensed corporations to prevent unauthorized transactions in clients' accounts.
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Hong Kong Securities and Futures Commission warns: phishing SMS scams are on the rise, issuing guidelines to prevent unauthorized trading.
The Hong Kong Securities and Futures Commission officially announced that it has noticed a rising trend in phishing scams involving impersonation of licensed corporations sending fraudulent text messages. Scammers deceive clients into clicking on hyperlinks contained in the moving text messages, redirecting them to websites similar to those of licensed corporations, capturing clients' usernames, login passwords, and verification information, thereby gaining access to clients' accounts with the licensed corporations to conduct unauthorized transactions. Therefore, guidelines have been issued to licensed corporations to prevent unauthorized transactions in clients' accounts.