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Hong Kong records near sixfold rise in technology-based crimes in a decade, with monetary losses of HK$2.96 billion in 2020 alone, police say Clifford Lo Police handled 6,678 reports of internet shopping fraud last year, up more than 200 per cent from 2,194 cases in 2019. Photo: Shutterstock
Hong Kong recorded a near sixfold increase in the number of technology-based crimes in the past decade, hitting about 13,000 cases and monetary losses totalling HK$2.96 billion in 2020, the latest figures show.
According to police, reports of cybercrime rose from 2,206 in 2011 to 12,916 last year, while the amount of money involved increased from HK$148 million to HK$2.96 billion, a 20-fold rise.
Before he lost US$20 billion, Bill Hwang was the greatest trader you had never heard of Trader Bill Hwang. Photo: Bloomberg / Emile Wamsteker
Before he lost it all - all US$20 billion - Bill Hwang was the greatest trader you had never heard of.
Starting in 2013, the Korean-American investor parlayed more than US$200 million left over from his closed hedge fund into a mind-boggling fortune by betting on stocks. Had he folded his hand in early March and cashed in, Hwang, 57, would have stood out among the world s billionaires. There are richer men and women, of course, but their money is mostly tied up in businesses, property, complex investments, sports teams and artwork. Hwang s US$20 billion net worth was mostly liquid. And then, in two short days, it was gone.
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Singapore’s Covid-19 hospital cluster, reinfected migrant workers and ‘viral shedding’ – causes for concern? Singapore’s financial district skyline is seen reflected in a lotus pond on April 28. Photo: EPA
After months of reporting few if any locally transmitted cases, Singapore has in recent weeks seen reinfections among migrant workers who had previously recovered from Covid-19, as well as reports of people catching the coronavirus despite being vaccinated against it.
A new infection cluster emerged in a public hospital this week involving 13 health care workers and patients, while seven other local cases have been linked to an airport immigration officer.
The genomes of the latest two mutated Covid-19 infections in Hong Kong are identical to the first variant case detected in the community, the Post has learned, raising fears over the emergence of invisible transmission chains in the city. According to a source, a preliminary sequencing study found a 39-year-old domestic helper - the city's first untraceable local case involving a mutated strain - and the 10-month-old baby she took care of had.