Financial Crime World

Hong Kong Association of Banks Releases Promotional Video on Credit Card Fraud Prevention 💳⭐

November 23, 2023

The Hong Kong Association of Banks (HKAB) unveiled a new educational video titled “Credit Card Fraud Prevention: Your Shield Against Scams” to boost public awareness on safeguarding credit card transactions. Featuring local artist Ivana Wong, the video focuses on the importance of securing personal information and staying cautious against potential fraud attempts.

Key Takeaways from the Video 📚

  1. Avoid clicking on suspicious emails: Wong demonstrates the significance of not clicking on links or downloading attachments from emails that appear to be fraudulent.
  2. Monitor account notifications: Keeping a close eye on account notifications is essential in catching fraudulent transactions early.
  3. Promptly report unusual transactions: Swiftly reporting suspicious activities to your bank and the police is crucial for limiting potential losses.

Support from Hong Kong Monetary Authority 🤝

Arthur Yuen, Deputy Chief Executive of the Hong Kong Monetary Authority (HKMA), applauded the initiative and reaffirmed the HKMA’s stance on consumer education in the fight against credit card fraud.

“The HKMA fully endorses the HKAB’s efforts to raise awareness on credit card security. Consumer education plays a significant role in combating credit card fraud. We believe that this video will prove valuable in providing essential resources for individuals and empowering them to secure their personal and card information.”

-Arthur Yuen, Deputy Chief Executive, Hong Kong Monetary Authority

HKAB’s Continued Commitment to Credit Card Security 🔒

Sun Yu, Chairman of the HKAB, emphasized the organization’s dedication to ensuring the security of credit card transactions and enforcing industry-wide protective measures.

“The HKAB is committed to its customers’ protection and safeguarding their personal information. With our new video, we wish to reinforce the importance of staying informed and practicing secure transactions. We will continue to collaborate with the HKMA to stay ahead of potential fraud schemes and ensure that our members adopt the latest security measures.”

-Sun Yu, Chairman, Hong Kong Association of Banks

Where to Watch the Video 📺

Available on the HKAB’s website, YouTube channel, and Facebook page.

Ongoing Efforts to Combat Credit Card Fraud 💪

Joining the promotional video launch, the HKAB will roll out offline campaigns to reinforce their anti-fraud message. These campaigns include poster displays and giveaways. In addition, they encourage customers to pay heed to bank alert messages and examine transaction details meticulously before confirming them.

Stay updated on the HKAB’s offline campaigns and its collaborative efforts with the HKMA to combat credit card fraud.

HKAB Contact Information 📱