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Hong Kong At ‘Serious Risk’ Of Cyberattack Amid 7 Million Daily Attempts Worldwide, Cyber Security Experts Warn

Hong Kong is certainly at a “serious risk” of cyberattack, with an average of 7 million hacking attempts daily worldwide, a Hong Kong cyber crime research centre warned authorities, urging them to do more to protect themselves from such an attack.

According to Frank Tong Fuk-kay, CEO of the government-funded Hong Kong Applied Science and Technology Research Institute (ASTRI), security officials are in a serious need to step up resources and efforts to stop cybercrimes, the South China Morning Post (SCMP) reported Saturday.

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Tong’s comments came just a week after ASTRI warned authorities that the Hong Kong Monetary Authority and People’s Bank of China were among a long list of central banks that may be the top targets for hacking group Anonymous in May.

“More resources are needed in ensuring cyber security if Hong Kong keeps up its position as the global financial centre,” Tong told the SCMP in an interview Friday. “[Hong Kong] needs to train its own experts. Even some banks have a chief technology officer on director boards, which shows how important cyber security is.”

ASTRI and Hong Kong Police Force have organized a cyber security summit from Monday to Wednesday, which will be attended by cyber experts from Interpol and countries like the United States, Australia, Ireland, Japan, Singapore and Hong Kong.

During his interview with SCMP, Tong warned that the increase in the use of financial technology on banks, insurance companies, airlines, public transport service provides and hospitals, involve large amounts of personal data, which could be targeted by hackers. Read the rest of this entry »


U.S. Shuts Down International $180 M ‘Psychic’ Mail Fraud Linked to Hong Kong Firm

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New York judge bans eight parties from sending promotional materials, including a company with a branch in Sheung Wan.

US authorities have shut down a long-running international “psychic” mail fraud ring linked to a Hong Kong company that cheated over a million Americans out of more than US$180 million.

“This widespread scam targeted more than one million Americans, many of whom were elderly or in financial distress.”

— Benjamin C. Mizer, head of the Justice Department’s Civil Division

It was understood Hong Kong police have not received any complaints about such a scam or the local firm, Destiny Research Center Limited.

A federal judge from the Eastern District of New York approved a consent decree on Monday, permanently banning eight parties, including Destiny Research Center and its president, Martin Dettling of Zurich, from using the US mail system to send ads, promotional materials and solicitations on behalf of self-styled psychics, astrologers and clairvoyants.

[Hundreds of Hong Kong home owners cheated by scammers posing as financial agents: HK$320 million in new debts for victims]

Since 2000, the defendants allegedly preyed upon vulnerable Americans’ superstitions and sent them over 56 million letters through the US mail purported to have been written by French psychics Maria Duval and Patrick Guerin. The letters predicted the recipients would become rich through means such as winning the lottery if they bought products and services to secure good fortune.

A teller counts US dollars and Chinese 100-yuan notes at a bank in Hefei, east China's Anhui province on January 16, 2011

One such letter touted how Duval and Guerin shared “clear visions” that recipients would come into “massive sums of money on games of chance” if they paid US$50 for a “mysterious talisman” and a copy of “My Invaluable Guide to My New Life”. Read the rest of this entry »


#Media: 10 Publishers Account For Half Of All Online News, MSN.com Scores Highest Traffic at Over 27 Billion Combined Page Views

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The biggest online news publisher for the U.S. audience was MSN, owner of MSN.com, with just over 27 billion combined page views across mobile and desktop, followed by Disney Media Networks, owner ofESPN and ABC News, with 25.9 billion….(read more)

Source: mediapost.com


Another Chinese Billionaire Goes Missing

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The billionaire founder of Metersbonwe, one of China’s best-known fashion brands, has gone missing, the latest in a series of Chinese business people and financiers apparently embroiled in the country’s anti-corruption campaign.

“The company said in a second statement on Thursday night that it was unable to reach Mr Zhou or the secretary of the board, Tu Ke. The statement gave no further details.”

Metersbonwe suspended trading in its shares on the Shenzhen stock exchange on Thursday while the company said it was investigating reports in the Chinese media that Zhou Chengjian, its chairman, had been picked up by police.

“Mr Zhou is the latest high-profile private sector businessman believed to have been caught up in probes, and his disappearance follows the detention last month of Guo Guangchang of the conglomerate Fosun, which owns Club Med.”

The company is a household name on the Chinese high street and Mr Zhou was China’s 65th-richest man last year, according to the Hurun Rich list, with a fortune of Rmb26.5bn ($4.01bn).

The company said in a second statement on Thursday night that it was unable to reach Mr Zhou or the secretary of the board, Tu Ke. The statement gave no further details.

[Read the full story here, at FT.com]

Mr Zhou is the latest high-profile private sector businessman believed to have been caught up in probes, and his disappearance follows the detention last month of Guo Guangchang of the conglomerate Fosun, which owns Club Med. Read the rest of this entry »


China to Embed Internet Police in Tech Firms

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Ministry of Public Security: China’s crackdown on online forums to prevent fraud and limit ‘spreading of rumors’.

China’s government will set up cybersecurity police units at major Internet companies, in Beijing’s latest move to tighten control over the country’s online forums. As WSJ’s Eva Dou reports:

China’s Ministry of Public Security will set up the units at key websites and Internet companies to help them prevent crimes such as fraud and “spreading of rumors,” China’s official Xinhua news service said late Tuesday.

China’s Ministry of Public Security didn’t say which companies will have the new police units. China’s Internet sector is dominated by three companies: e-commerce giant Alibaba Group Holding Ltd., gaming and messaging company Tencent Holdings Ltd. and search-engine provider Baidu Inc.

Neither the companies nor the ministry responded immediately to requests for comment Wednesday. It wasn’t immediately clear whether the cyberpolice units would apply to international, as well as domestic, tech firms operating in China.

Read the full story on WSJ.com.

China Real Time Report


National Fried Chicken Day, Part 2: KFC, McDonald’s, Look to Go Digital in China

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McDonald’s Corp. and Yum Brands Inc. are looking to add digital options in China that will make their fast-food sales even faster and win back business after a rough year in the critical Chinese market. As WSJ’s Laurie Burkitt reports:

McDonald’s will start testing mobile ordering and mobile payment in China under a pilot program in the current third quarter, said a spokeswoman. The aim is to speed payment and meet consumer demands, she said. “Given Chinese consumers being so digital—we are now preparing,” she added.

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Yum said its KFC business teamed up with technology giant Alibaba Group Holding Ltd. in late June to launch mobile-payment services for 700 of its 4,500-plus stores in China. Customers can pay for their in-store orders of fried chicken in a few seconds by scanning bar codes generated by Alibaba’s mobile-payment application Alipay….(read more)

Read the full story on WSJ.com

via China Real Time Report


Humanoid Robots as Models: Julie Watai’s Manga & Otaku-Inspired Photography

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Japanese photographer Julie Watai creates manga and otaku-inspired photography, often using humanoid robots as models. Watch TheCreatorsProject‘s exclusive video on her here.

TheCreatorsProject


Ikea Bans Customers Sleeping on Display Beds

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The world’s largest furniture retailer introduced the rule because many customers, both adults and children, have been sleeping in stores, creating a scene and affecting the experience of other customers.

middle-aged woman said Ikea beds are comfortable so her friends “take a nap” there sometimes, according to the newspaper.

Pictures also show young couples lying on the sofas, their faces covered by pillows.

The newspaper said some customers take off their shoes and lie on the beds as if they were in their own homes.

Ikea encourages customers to sit or lie on beds for a short while to experience their quality, but many sleeping customers occupy the display pieces for too long, a staff member says. Read the rest of this entry »


China’s Box-Office Expected to Hit 2 Billion During the New Year Holiday

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Driven by the ‪‎Spring Festival‬ period, one of the golden times for Chinese productions, China’s domestic movies are gaining more momentum

The ‪Chinese New Year‬ is approaching an end, but the country’s ‪movie‬ industry boom seems to have just begun, thanks to record high box-office sales during the New Year holiday.

Statistics show that across the country there were over nine million Chinese going to the movies during that period. On the first day of the Spring Festival, there was a record high intake of 356 million yuan or about $57 million at the ‪‎box office‬. That’s about 44 percent up on the same day last year.

Even on New Year’s Eve, a time traditionally devoted to family reunions, home banquets and the grand CCTV gala, Chinese moviegoers still spent 21 million yuan ($3.5 mln) in the country’s cinemas.

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By Sunday, box offices for the Spring Festival holiday reached 924 million yuan ($154 mln), a 42.15% increase from last year. Industry experts say that China’s movie market is expected to gross nearly 2 billion yuan ($300 mln) during the period.

There were 7 new movies released on the first day of the Chinese New Year, which could be one reason for the high sales.

The costume action movie “Dragon Blade” starring Chinese Kungfu star Jackie Chan leads the box office charts, creating about one third of the total income. It’s followed by Chow Yun-Fat’s family comedy “The Man from Macao II” and fantasy adventure “Zhongkui: Snow Girl and the Dark Crystal”.

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Rao Shuguang, the secretary-general of the China Film Association, says the recorded growth is also partly to do with the increased number of screens across the country, now at over 24,900.

Driven by the ‪‎Spring Festival‬ period, one of the golden times for Chinese productions, China’s domestic movies are gaining more momentum. Last year, Chinese domestic box-office revenue hit $4.7 billion, ranking the second largest in the world. Made-in-China movies accounted for 55 percent of the total. Read the rest of this entry »


Yahoo ceases China news and community services

The Yahoo portal in China contains a farewell message citing adjustments to its operations strategy as the reason for the change.

The Yahoo portal in China contains a farewell message citing adjustments to its operations strategy as the reason for the change.

Yahoo’s news and community services have shut down in China, following the closure of its email service last month.

The Yahoo China home page now redirects users to a site run by Alibaba, which manages Yahoo’s Chinese operation.

In a farewell message which appears before the redirect, the firm says it is “adjusting its operations strategy”.

Read the rest of this entry »