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Cybersecurity
Hong KongLaw and Crime

Educate against cyberattacks because Asia is world’s most vulnerable region, Hong Kong companies told

Experts at the Information Security Summit in city warned Asia-Pacific is world’s most targeted area for attacks given the relatively low level of cybersecurity awareness among corporations

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Asian organisations take 1.7 times longer than the global average to discover security breaches, according to US cybersecurity firm Mandiant’s 2017 report. Photo: Shutterstock
Louise Moon

More education is needed for Hong Kong companies to better prepare themselves for future cyberattacks as Asia is the world’s most vulnerable region, according to experts.

The global ransomware attack in May called WannaCry caused only 40 incidents in Hong Kong, most of which involved home users, after it hit on a Friday afternoon in Europe when businesses in Asia had closed for the weekend.

Most Hong Kong firms still unprepared for cyber attacks, survey finds

This showed the need for more awareness about cyber intelligence to protect businesses, Hong Kong Productivity Council chairman Willy Lin Sun-mo told the Information Security Summit in the city on Tuesday.

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“Since we may not have the luxury of two days to prepare for the next attack, we must make sure we have more information at our fingertips in the initial stage”, he said.

“If we have better and more knowledge on what is happening in other parts of the world or the attacks that our peers are facing, we can react faster to mitigate the risk of an emerging cyberattack”, Lin said.

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Secretary for Innovation and Technology Nicholas Yang addresses the Information Security Summit. Photo: ISD
Secretary for Innovation and Technology Nicholas Yang addresses the Information Security Summit. Photo: ISD
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