Beware of the Use of "Deep Fake" Technology in Online Account Opening

Beware of the Use of "Deep Fake" Technology in Online Account Opening

The police urge brokers to exercise caution when utilizing online account opening processes, particularly those that incorporate facial recognition technology. This advisory comes in light of reports from banks and financial institutions regarding the misuse of "Deep Fake" technology to present fraudulent identity documents. Should you come across any such incidents, please reach out to the President, who will forward the information to the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force.

Sincerely,

Mofiz Chan
Chairman
Hong Kong Securities and Futures Professionals Association
Phone: 2541-4898.