Posted 2/15/2024, 12:30:40 AM
ICBC Asia Steps Up AI to Combat Soaring Hong Kong Scams Bilking Billions
- ICBC Asia to use more AI and machine learning to identify fraudulent transactions and investigate scams
- Cases of scams and fraud rose 40% in Hong Kong last year, with over HK$9 billion lost
- ICBC Asia educating customers on avoiding scams with "don't easily trust, don't be greedy, don't be reckless"
- Technology advances made it cheap and easy for scammers to target victims over phone/WhatsApp
- Hong Kong Monetary Authority also prioritizing combating fraud this year, working to educate public