Financial losses through cybersecurity crimes in Hong Kong hit HK$3.04 billion (US$387.3 million) in the first half of 2025, marking a nearly 15 per cent year-on-year increase, official figures have shown.
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Police on Thursday also highlighted the problem of hacking activities, with financial losses from such attacks surging more than tenfold to HK$39.4 million in the first six months of 2025, up from HK$3.3 million in the same period last year, despite a drop in the number of cases.
The latest figures were revealed as the city’s Digital Policy Office introduced key initiatives for promoting cybersecurity in the second half of the year.
Raymond Lam Cheuk-ho, chief superintendent of the cybersecurity and technology crime bureau, noted a heightened level of digital threats in the current landscape.
“We observed a slight decline in hacker attack numbers, but a significant surge in financial losses, which indicates escalating threats,” he said.
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Lam cited the case of a local financial institution targeted by hackers in June, which resulted in the theft of over 3 million units of stablecoin and other cryptocurrencies.