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Hong Kong SFC Warns Firms of Rising AI-Driven Cyber Threats

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Hong Kong's Securities and Futures Commission urged licensed firms to strengthen cybersecurity measures against emerging threats enabled by advanced artificial intelligence models, according to a circular issued Tuesday.

The regulator warned that rapid advances in AI could enable more frequent and sophisticated cyberattacks, including phishing, social engineering, deepfake impersonation, and large-scale attacks targeting interconnected systems.

The SFC called on licensed firms, particularly internet brokers and virtual asset trading platforms, to enhance safeguards for client information and assets.

The regulator also urged firms to review areas including vulnerability management, threat detection, monitoring, incident response, and recovery to enhance cyber resilience.

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