Hong Kong Monetary Authority warns against fraudulent bank website impersonating Julius Baer

Picture credit: Julius Baer

19th April 2024 – (Hong Kong) The Hong Kong Monetary Authority (HKMA) has issued a warning about a fraudulent website impersonating Bank Julius Baer & Co. Ltd., as revealed in a recent press release by the bank. The HKMA has provided a link to this press release on its own website to ensure public accessibility and awareness.

In light of this deceitful scheme, the HKMA is reinforcing crucial security advice to the public. It is important to remember that legitimate banks do not send SMSes or emails containing direct links to their websites for conducting transactions. Additionally, customers are advised never to disclose sensitive personal details such as login passwords or one-time passwords over phone, email, or SMS. This includes responding to messages that contain embedded hyperlinks, a common tactic used by fraudsters.

Anyone who suspects they may have inadvertently provided personal information or engaged in transactions through the dubious website should immediately contact Bank Julius Baer using the official details provided in their press release. Furthermore, the HKMA urges those affected to promptly report the incident to the Hong Kong Police Force’s Crime Wing Information Centre at the contact number 2860 5012, to help prevent further such occurrences and protect others from falling victim to similar scams.