Hong Kong Fraud - Funds Wired to HSBC HK
Business Email Compromise & Stolen Funds Wired to Hong Kong
Business Email Compromise (BEC) is soaring and companies are been affected, BEC is an exploit in which the attacker gains access to a corporate email account and spoofs the owner's identity to defraud the company or its employees, customers or partners of funds.
Internet fraud is rampant and Hong Kong is a key target for the transfer of funds. Digitpol, a Cyber Crime Investigation Agency provides operational and forensic support to firms that have fallen victim to BEC fraud, email fraud, invoice fraud and the stolen funds have been wired to bank accounts in Hong Kong, one of the destinations is HSBC and by previous cases Digitpol can confirm that HSBC are fully compliant if they are officially notified of the stolen funds, therefore in every case the steps below are urgent. Digitpol provides assistance to foreign firms by acting on their behalf locally in Hong Kong.
Digitpol's legal partner is an expert in the recovery of funds in Hong Kong and mainland China, jointly the combination of investigative support and legal services we offer International firms rapid response expertise to assist with the investigation, seizure and recovery of stolen funds.
If you have transferred funds to a fraudulent bank account in Hong Kong, the following is urgent.
- Immediately alert your bank the transaction is fraudulent. This is most urgent.
- Report the incident as soon as possible to your local police in the country you reside in. Obtain the Police report or case number
- Report the case to the Hong Kong Police. Obtain the Police report or case number.
- When required, engage Digitpol and its legal team to act for you in Hong Kong to examine the evidence, prepare a report, investigate the case, and liaise with the Authorities and the Banks.
- If you are physically located in Hong Kong, go directly to a Police station, and bring all the evidence with you.
- Before you submit data to us, watch the step by step explainer on what to do if your a victim of Email Fraud, Stock or Investment Fraud What To Do If Your a Victim of Email or Invoice Fraud
What is Email Fraud or BEC Fraud
Cyber criminals find ways to hack into the email servers or accounts of small and medium companies, often targeting companies or investors conducting business with Asia countries. Cyber criminals gain access to email accounts and search through email accounts looking for sensitive information such as outstanding, unpaid invoices or data relating to financial transactions and business between supplier, vendor and clients. When cyber criminals identify a sale or a due invoice, the fraudsters then send various fictitious emails from the hacked email account or an email address replicated to the original posing to be in charge of the sale or due invoice to be paid, the fraudster is then asking for transfers of funds into a nominated bank account, usually giving an excuse that there is a problem at the bank and an alternative account needs to be used.
What Victims Need To Do
- Immediately alert your bank the transaction is fraudulent. This is most urgent.
- Report the incident as soon as possible to your local police in the country you reside in. Obtain the Police report or case number
- Report the case to the Hong Kong Police. Obtain the Police report or case number.
- When required, engage Digitpol and its legal team to act for you in Hong Kong to examine the evidence, prepare a report, investigate the case, and liaise with the Authorities and the Banks.
- If you are physically located in Hong Kong, go directly to a Police station, and bring all the evidence with you.
- Before you submit data to us, watch the step by step explainer on what to do if your a victim of Stock or Investment Fraud What To Do If Your a Victim of Email or Invoice Fraud
How We Can Help
We provide operational and forensic support to firms that have fallen victim to BEC fraud, email fraud, invoice fraud and the stolen funds have been wired to bank accounts in Hong Kong. Digitpol provides assistance to foreign firms by acting on their behalf locally in Hong Kong. Digitpol's legal partner is an expert in the recovery of funds in Hong Kong and mainland China, jointly the combination of investigative support and legal services we offer International firms rapid response expertise to assist with the investigation, seizure and recovery of stolen funds.
Digitpol's Cyber and Fraud Team are certified fraud and forensic examiners and can deploy to assist with all cases related to email fraud, email spear phishing attacks, email scams and on-line related fraud. Digitpol can deploy forensic examiners to investigate hacking, determine how it took place and report the findings, Digitpol ensures that hackers are not active in your network and ensure your user accounts policies and rules are configured correctly to prevent further attacks.
