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Technical opinion
What drives the adoption of antiphishing measures by Hong Kong banks?

Authors:

Indranil Bose,

Alvin Chung Man LeungAuthors Info & Claims

Communications of the ACM, Volume 52, Issue 8

Pages 141 - 143

https://doi.org/10.1145/1536616.1536643

Published: 01 August 2009 Publication History

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Abstract

Introduction

Phishing mongers and posers have taken the world by a storm and it is estimated that the annual financial loss due to phishing scams is at least US $320 million. Hong Kong has been a hotspot of phishing attacks and since majority of phishing incidences occurring in the world are related to the financial services industry, banks in Hong Kong have been frequent targets. We conducted a study of Hong Kong banks in 2005 and 2007 to assess their phishing readiness and to understand the driving forces that shaped their adoption of anti-phishing measures (AM) over time. We searched the security related information available on the Web sites of the Hong Kong banks to determine AM adopted by them. We scored the banks based on the adoption of AM and related it to characteristics of banks and other plausible external factors.

References

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Hong Kong Monetary Authority. Fraudulent bank websites and e-mails (2004); www.info.gov.hk/hkma/eng/press/2004/20041007e4.htm.

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Purkait S(2013)Open Proxy: A road block for Phishing investigationsi-manager's Journal on Information Technology10.26634/jit.2.1.21422:1(22-33)Online publication date: 15-Feb-2013
https://doi.org/10.26634/jit.2.1.2142
Bose ILeung A(2013)The impact of adoption of identity theft countermeasures on firm valueDecision Support Systems10.1016/j.dss.2013.03.00155:3(753-763)Online publication date: Jun-2013
https://doi.org/10.1016/j.dss.2013.03.001
Purkait S(2012)Phishing counter measures and their effectiveness – literature reviewInformation Management & Computer Security10.1108/0968522121128654820:5(382-420)Online publication date: 23-Nov-2012
https://doi.org/10.1108/09685221211286548
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Technical opinion

What drives the adoption of antiphishing measures by Hong Kong banks?

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Published In

Communications of the ACM Volume 52, Issue 8

A Blind Person's Interaction with Technology

August 2009

132 pages

ISSN:0001-0782

EISSN:1557-7317

DOI:10.1145/1536616

Issue’s Table of Contents

Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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Association for Computing Machinery

New York, NY, United States

Publication History

Published: 01 August 2009

Published in CACM Volume 52, Issue 8

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Purkait S(2013)Open Proxy: A road block for Phishing investigationsi-manager's Journal on Information Technology10.26634/jit.2.1.21422:1(22-33)Online publication date: 15-Feb-2013
https://doi.org/10.26634/jit.2.1.2142
Bose ILeung A(2013)The impact of adoption of identity theft countermeasures on firm valueDecision Support Systems10.1016/j.dss.2013.03.00155:3(753-763)Online publication date: Jun-2013
https://doi.org/10.1016/j.dss.2013.03.001
Purkait S(2012)Phishing counter measures and their effectiveness – literature reviewInformation Management & Computer Security10.1108/0968522121128654820:5(382-420)Online publication date: 23-Nov-2012
https://doi.org/10.1108/09685221211286548
Lai FLi DHsieh C(2012)Fighting identity theftDecision Support Systems10.1016/j.dss.2011.09.00252:2(353-363)Online publication date: 1-Jan-2012
https://dl.acm.org/doi/10.1016/j.dss.2011.09.002
Vishwanath AHerath TChen RWang JRao H(2011)Why do people get phished? Testing individual differences in phishing vulnerability within an integrated, information processing modelDecision Support Systems10.1016/j.dss.2011.03.00251:3(576-586)Online publication date: 1-Jun-2011
https://dl.acm.org/doi/10.1016/j.dss.2011.03.002

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Abstract

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Cited By

Index Terms

Recommendations

The Closer Economic Partnership Agreement (CEPA) between China and Hong Kong SAR

Realized volatility of index constituent stocks in Hong Kong

Hong Kong and Singapore: Two models of telecommunications regulations?

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