Published: 19:57, April 16, 2020 | Updated: 04:36, June 6, 2023
HK people facing greater cybersecurity risks amid pandemic: HSBC
By Pamela Lin

Extensive use of technology during the novel coronavirus pandemic is exposing people in Hong Kong to serious cybersecurity risks and scams, a new survey by HSBC has found.

The bank advised the public to take greater care in keeping their passwords safe when using mobile phones and internet banking. For example, they should avoid using public computers and Wi-Fi to for e-banking services,and disable Bluetooth if they are not using it

The survey showed that more than half of Hong Kong respondents have encountered online scams. Of these, one third of them had incurred financial losses averaging HK$2,811 from cyberattacks or scams.

The bank advised the public to take greater care in keeping their passwords safe when using mobile phones and internet banking. For example, they should avoid using public computers and Wi-Fi to for e-banking services,and disable Bluetooth if they are not using it.

“Even the most secure banking services can be vulnerable if customers are not aware of the need to protect their savings from cyber thieves,” said Greg Hingston, HSBC head of wealth and personal banking (Asia Pacific and Hong Kong). 

The survey on Hong Kong cybersecurity was conducted in February and covered 1,005 local residents aged between 18 and 55.

Respondents as a whole scored 72.6 out of 100 when measured across three areas -- cybersecurity knowledge, attitude, and behavior -- while scoring only 68.1 for behavior and 77 for attitude. It also found that only 8.5 percent of respondents scored over 80 across the three areas. 

Compared with the surveyed X and Y generation, who are aged between 25 to 55, Z generation aged between 18 to 24 received the highest scores in terms of knowledge and attitude, but the lowest for behavior. 

Alison Chan, HSBC digital messaging & content head of wealth and personal banking (Hong Kong), said the survey showed Hong Kong people were aware of cybersecurity, but they were not doing enough to safeguard themselves against cyberattacks.

She noted that HSBC has recorded double-digit growth in digital banking transactions over the past few months.

Recently, video conference app Zoom, whose daily users surged to 100 million in March amid the pandemic, revealed it had suffered safety and privacy breaches. HSBC responded that the bank has been constantly reviewing security and providing its staff with safety guidelines. 

pamelalin@chinadailyhk.com