HKMA Issues Alert on Fraudulent Websites Linked to Bank Julius Baer

The Hong Kong Monetary Authority (HKMA) has issued a public alert concerning fraudulent websites associated with Bank Julius Baer & Co. Ltd. The authority emphasizes the importance of vigilance among the public, especially in light of recent reports of these deceptive online platforms.

Details of the Fraudulent Websites

According to the HKMA, the fraudulent websites have been reported and a formal press release has been issued by Bank Julius Baer. The HKMA has made this press release accessible through a hyperlink available on their official website.

Public Advisory

The HKMA strongly advises the public to remain cautious and to remember that legitimate banks will not send SMS or emails containing embedded hyperlinks directing users to the bank’s website for transactions. Additionally, banks will not request sensitive personal information, such as login passwords or One-Time Passwords (OTPs), via phone, email, or SMS, including through embedded links.

Actions for Affected Individuals

Individuals who have inadvertently provided personal information or conducted financial transactions through these fraudulent websites are urged to contact Bank Julius Baer using the contact details provided in the official press release. Furthermore, it is recommended to report such incidents to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.

This alert underscores the ongoing need for cybersecurity awareness and the importance of verifying the authenticity of online communications, especially those purporting to be from financial institutions.

Hong Kong Monetary Authority
22 July 2024

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