Australia, in particular, was becoming an increasingly attractive target for phishers. Taking Australia as an example, Ng said, there were seven million online banking users, which meant potentially 210,000 Australian bank accounts could be stolen.

"If each of them loses A$1,000 in the account, that will amount to a total of A$210 million," he said.

According to the Unisys Security Index, Hong Kong residents cite security fears among one of the highest concerns -- particularly the fear of becoming victims of bank card fraud.

Government push

Government in Asia was actively driving implementation of the e-citizen services like e-identity cards, e-driving licenses, e-passports and e-health cards, according to Gemalto.