Recent repost shows organisations across Hong Kong are tightening their cybersecurity measures. The tightening up is a result of the rise in the rate of cybercrimes in the country, predominantly in the banking sector while other industries have seen a more than 900% increase in cybersecurity incidents in the past years, following the country's swift adoption of connected devices and a slope in regional cybersecurity budgets.
Hong Kong lost more than HK$2.2 billion (US$280 million) and agonized more than 9,000 cyberattacks in the first nine months of last year. It is evidently a major target for hackers. Online scams such as false banking websites, phishing emails, and fake banking apps rack up to 142 cases in 2018. In 2017, there were 44 cases. The year before that, there were only 35 incidents.
While Cyber Threats, Cyber Attacks and risks continued to pile up, conclusively the challenge organisations were about to face in 2019 aren't insurmountable. The crucial aspect of managing them successfully is staying up-to-date with security systems understanding probable future threats and pacing back to comprehend big-picture trends that are driving them.
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Director, Technical Solutions, APJ
Country Manager, Hong Kong, Macau & Taiwan
System Engineering Director APJ
Senior Consultant, Greater China and Korea
Forensic Sales Consultant
APAC Consulting Engineer
Regional Director, Greater China, Hong Kong & Macau
Head of Business Solutions
Director of Systems Engineering APAC
Executive Advisor, APAC, Privasec | Author of "Cyber Risk Leaders"
Hon. Charles Mok
Legislative Councillor, Information Technology
Chief Information Officer
United Asia Finance Limited
Director, Security Management
Francisco Javier Ruiz Garcia
Executive Director, Head of Operational Risk & IT Cybersecurity Risk
Security Specialist, Cyber Defence
Director, Cyber and Technology Risk
Daiwa Capital Markets
Chief Information Security Officer
Group Information Security Officer
CISO, Director, Information Security
VF Asia Ltd.
Head of Global IT
Gaw Capital Partners
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