S&P 5007,711.76▼0.2% Nasdaq26,402.42▼0.5% Dow53,560.00▼0.0% Russell 2K2,972.37▼1.4% 10-Yr4.72%+5bp VIX14.43−0.08 WTI$83.44▼0.1% Gold$4,504.10▼2.3% EUR/USD1.159▼0.6% BTC$77,791▼0.1% Nikkei66,132▼0.2%
At close · Sat, Aug 29, 2026
Daily Market Updates.

Global Markets

HomeGlobal MarketsChinaHong Kong WhatsApp hijacking scams rise 170% to 1,993…

Hong Kong WhatsApp hijacking scams rise 170% to 1,993 cases

Police said the first seven months brought HK$146.3 million in losses, even though that total was 22.7% lower than a year earlier.

Hong Kong has seen a sharp increase in WhatsApp account hijacking scams, with police logging 1,993 cases from January through July. That level represents a 169.7% jump versus 739 cases over the same period last year, according to SCMP Economy.

The cases in the first seven months followed a higher annual baseline, with the reported total also surpassing the 1,669 cases recorded across all of 2025. While the number of incidents rose, the total losses were HK$146.3 million, down 22.7% from HK$189.2 million over the same period last year.

Police warned that the threat remains significant, citing reports that some victims lost between HK$1 million and more than HK$10 million. SCMP Economy noted that Superintendent Hui Yee-wai of the force’s cyber security and technology crime bureau linked the surge to residents’ use of social media and instant messaging, and also pointed to AI as a factor.

Authorities said each scam involved fake websites, and that AI has made creating these sites significantly easier. SCMP Economy also cited a case where one victim lost as much as HK$12.2 million, or about US$1.55 million.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.