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Canada Goose Outlet Online Although the money involved was small only about $20 million https://www.cagoosestore.ca worth of shares there were 81 such incidents reported in 2016, more than triple the number in 2015, according to police.In the scheme, criminals invest in thinly traded penny stocks and then manipulate their share prices by ordering trades from hacked brokerage accounts. new balance 1500 ebay They earn profits by selling before the fraudulent trades are reported.Hong Kong is a favoured place for such attacks because of the number of thinly traded penny stocks in the territory and because its securities industry has fallen canada goose outlet behind other financial centres in defending against cyber fraud.At least seven brokers and eight banks have been targeted in Hong Kong, including HSBC Holdings Plc and Bank of China International (BOCI) Securities, according to regulators and people familiar with confidential investigations.A spokesman for HSBC declined to comment.A spokeswoman for BOCI Securities said he could not comment on its case but the brokerage would continue to invest in IT security.”If you ask regulators in the industry what is the number one threat, not surprisingly it’s all about cyber attacks,” Ashley Alder, CEO of the Hong Kong Securities and Futures Commission (SFC) and chairman of the International Organization of Securities Commissions, said in a speech to the local legislature last week.”We’ve seen that happen not only in banking but also at brokers in Hong Kong, in particular recent attacks to do with basically hijacking share trading accounts.”Such schemes surfaced more than a decade ago in the United States. Seton Hall Pirates Jerseys Charles Schwab Corp, ETrade Financial Corp and JP Morgan Chase Co. adidas zx flux pas cher site Canada Goose Outlet Online

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