June 19, 2021

Almost MOP4.1 mln in online scams involving bank card information reported – Police

The Judiciary Police received about 354 reports about online scams involving bank card information between January and April, involving some MOP4.1 million (US$512,496), police authorities told Macau News Agency.

Between January 1 and April 15 the investigation of 31 cases had been completed by the PJ, with six Macau residents being investigated.

The Monetary Authority of Macao (AMCM) indicated in its latest annual report that a comprehensive review of the structure of management, risk culture and internal control mechanisms in local banks was carried out last year.

The Covid-19 pandemic has worked as a catalyst for faster digital transformation across all sectors and increased the level of new cyber threats targetting Macau organisations, especially ransomware attacks, cybersecurity tech company Fortinet told Macau News Agency previously.

Just in its first year in operation, Macau’s…

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