Case Background On February 15, 2024, cybersecurity firm Group-IB uncovered a sinister threat: the GoldPickaxe malware. GoldPickaxe preys on unsuspecting iOS users, using a blend of social engineering and deepfake technology. It has both iOS and Android versions, with current impact primarily in Vietnam and Thailand. GoldPickaxe does not directly steal users' bank funds, but...
Case Studies
Bank of Guizhou 貴州銀行 (stock code: 6199.HK) adopting AISecurius, becoming the First HKEX-listed financial institution from Guizhou Province
Case Background In 2019, Bank of Guizhou Co., LTD 貴州銀行 ("Bank of Guizhou", stock code: 6199.HK) was successfully listed on the main board of the Hong Kong Stock Exchange (HKEX), becoming the first HKEX-listed financial institution from Guizhou Province. As the sole city commercial bank established under the auspices of the Guizhou Provincial Government, the...
A HK$200 Million Scam of AI Deepfakes in E-conference
Case Background Few days ago, a clerk working for the Hong Kong branch of a multinational company fell prey to an AI-fraud from a video conference where every participant, except the clerk, was an AI generated deepfake. These eerily realistic avatars mimicked colleagues’ voices and appearances so the clerk unwittingly made 15 transactions, transferred total...
Fake QR Code? Payment Fraud? Apps Hacking?
Case Background In Beijing China, there is a similar Octopus app called RuuByPay (億通行) which provides QR code payment, promotions with banks, etc. RuuByPay launched a new QR code payment promotion "亿通行1分钱坐地铁优惠领取" in China, which is generated by specific keys on the app. The key is hardcoded because of the unstable subway's network, so It...
Photoshop could be a tool for scammers?
Case Background 1 month ago, the officers from the Kwun Tong Police District arrested two people on suspicion of fraud. The suspects started using a photo editing app to forge receipts in October last year. They uploaded more than 200 fake shopping receipts to one of the known Group in Hong Kong to launch their...
City University of Hong Kong
City University of Hong Kong City University of Hong Kong (CityU) is a dynamic, fast‑growing university pursuing excellence in research and professional education. As a publicly funded institution, it is committed to nurturing student talents and creating applicable knowledge to support social and economic advancement. CityU is well regarded within university rankings and is currently...
Kerry Properties
Kerry Properties Kerry Properties is a world-class properties development company with significant investments in key cities in Asia Pacific (APAC), including mainland China and Hong Kong. In both markets, Kerry Properties focuses on investing in premium quality property developments – both residential and commercial – in prime locations. Challenge Kerry Properties used a variety of...
WorkForce Software
About WorkForce Software Michigan-based WorkForce Software is a world leader in cloud-based personnel management, providing Software-as-a-Service (SaaS) solutions to organizations. As a business based in Detroit, with offices across the globe, WorkForce Software needed to implement a centralized backup and archival plan that protected the company’s critical Office 365 end-user data and allowed for easy...
Policy-Services
About Policy Services Policy Services is a family run independent financial adviser formed in 2002 in Linlithgow, Scotland. They deliver services to both financial advisers and policyholders. For advisers they offer online access to client account information, helping advisers reduce their in-house costs and obligations. For policyholders, they provide administrative services and market advice when...