Hong Kong businesses lose US$11 billion to digital fraud in past year, TransUnion says
Yahoo Financeยท2025-10-27 09:30
Hong Kong businesses reported HK$92 billion (US$11.84 billion) in financial losses from digital fraud over the past year, despite the city's overall digital fraud rate being lower than the global average, according to a new report by credit reference agency TransUnion. Conducted from late May to early June, the survey gathered data from 1,200 respondents worldwide, including 200 in Hong Kong, all in managerial roles overseeing risk and business fraud. In Hong Kong, only companies with an annual revenue of ...