MPF operator tightens identity verification process in wake of scam

The operator of Hong Kong’s Mandatory Provident Fund (MPF) has tightened its online security by scrapping an electronic verification system after scammers used forged identity cards to open accounts and steal residents’ pensions. Ayesha Macpherson Lau, chairwoman of the Mandatory Provident Fund Schemes Authority, said in a blog post on Sunday that the authority had jettisoned the identification tool for the electronic Mandatory Provident Fund (eMPF) platform in favour of the government’s...