Commercial disputes and regulatory – Hong Kong

Faceless fraud – scams in an online world

The internet is not necessarily a safe place.  As the reliance on electronic communications in commercial transactions grows, so do the risks.  As an example, in the 12 months to September 2010, the Hong Kong Monetary Authority (HKMA) published 13 press releases on fraud, mostly relating to online scams; during the past year, it has published 36 to date.