Security Risks

Are NFTs a type of property? What fraud and security risks arise from their technical implementation? And how exactly do NFTs work?
Our Singapore experts shed light on these essential questions regarding NFTs.

As FinTech development gathers pace and emerging technologies become a greater part of our lives, so will there be greater collection and use of an increasing amount of personal data in relation to customers, in order to provide more tailored and/or more efficient delivery of financial services. At the same time, the threat of fraudulent activity, such as fake identities using fake accounts, is also rising. These pose a threat to financial stability. In this article, we explore the current risks and regulation around privacy and data security in Fintech in Hong Kong.