Financial Crime World

Hong Kong Takes a Stand Against Identity Theft with New Dark Web Monitoring Service

In an effort to strengthen identity protection solutions for consumers, TransUnion, Hong Kong’s leading credit reference agency, has launched its first-ever Dark Web Monitoring service. This innovative solution aims to safeguard Hong Kong residents’ identity and personal data from the increasing threat of cybercrime.

The Growing Threat of Cybercrime in Hong Kong

According to the latest data from the Security Bureau of the Hong Kong Government, Hong Kong is experiencing a surge in scams, with 33,923 fraud cases reported in the first ten months of this year - an increase of 52.1% compared to last year. Online scam cases account for nearly 70% of these incidents.

The Consequences of Identity Theft

TransUnion’s latest Identity Theft, Fraud & Dark Web Survey found that:

  • Three-quarters (74%) of Hong Kong consumers are being targeted by fraudsters
  • 13% have already fallen victim to identity theft
  • 87% of victims suffered financial losses, with 33% losing more than HK$50,000

Introducing TransUnion’s Dark Web Monitoring Service

In response to these alarming statistics, TransUnion has introduced its Dark Web Monitoring service to protect consumers from the consequences of their personal data being shared on the dark web. This comprehensive solution uses specialized software to scan the dark web for compromised information and provides instant alerts to enable timely action against potential threats.

Key Features:

  • 24/7 worldwide cybersecurity monitoring
  • Retrospective search capabilities
  • Actionable recommendations to help users respond proactively to potential threats

“The rising number of online fraud cases underscores the need for consumers to take proactive measures to safeguard their personal data,” said Irene Foo, Director of Consumer Interactive at TransUnion Hong Kong.

Packages and Pricing

TransUnion offers three packages to suit consumers’ needs:

  • 30-day free trial
  • Identity Protection Package
  • 360o Protection Package

These comprehensive solutions provide all-round protection against identity theft and fraud. Consumers can download the TransUnion HK Credit Report mobile app from Apple’s App Store or Google Play to access these exclusive packages.

By taking proactive measures to protect their personal data, Hong Kong consumers can reduce the risk of falling victim to identity theft and online scams. With TransUnion’s Dark Web Monitoring service, they can have peace of mind knowing that their information is secure and protected.