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IncreasingHigh2026-07-21

HKMA issues scam alert on bank-related phishing and fraud

Banking SupervisionAlertGeneral RegulatoryRetail BankingHong KongConf: Medium
Regulatory Event

HKMA alerted the public to fraudulent websites, phishing emails and scam SMS impersonating banks.

Analysis

HKMA reiterated that banks do not send SMS or emails with embedded hyperlinks for transactions. Institutions should strengthen anti-phishing controls, brand monitoring, and customer education to mitigate rising impersonation fraud risks in Hong Kong.

Relevance

Ongoing phishing threats increase conduct, operational, and reputational risk for retail banks.

Required Action

Action Required

Reinforce customer fraud awareness communications and monitor for impersonation attacks on bank channels.

Justification

Recurring HKMA alerts indicate sustained fraud campaigns requiring active mitigation.

Control Commentary

Review anti-phishing controls, takedown processes, and customer authentication safeguards; refresh fraud awareness messaging across digital channels.

Source

HKMA alerts the public to press releases from banks regarding fraudulent websites, phishing emails and scams; banks will not send SMS/emails with embedded hyperlinks.

Scam alert related to banks

Published: 2026-07-21

RH-2026-07-22-008