Hong Kong credit card fraud ring targets iPhone 18 Pro preorders; 700+ victims

Over 700 Hong Kong residents had credit cards used without authorization to order Apple's new iPhone 18 Pro series over the weekend, prompting banks to reassure victims they won't be charged if transactions are proven unauthorized. The incident highlights a coordinated fraud operation exploiting card details, though the breach vector remains unclear. It underscores growing cyber fraud risks in the region's digital payment ecosystem.