Hong Kong Regulator Wants Brokers to Enroll in SMS Verification Scheme to Thwart Phishing
A recent wave of SMS phishing scams has exposed serious vulnerabilities in brokers’ defenses, prompting Hong Kong’s Securities and Futures Commission (SFC) to issue fresh guidance aimed at safeguarding investor accounts. As fraudsters increasingly mimic legitimate broker messages to lure investors into fake websites, the SFC is urging licensed corporations to take immediate steps to…
