Hong Kong organisations are easy targets for hackers, more cyberattacks expected this year, consultancy Kroll finds
- Financially motivated cyberattacks are on the rise after declining following Russia’s invasion of Ukraine, cybersecurity consultancy Kroll said
- Hong Kong and the rest of Asia-Pacific have historically lower cybersecurity, making local organisations prime targets
Hong Kong organisations could be easy targets amid an uptick in cyberattacks expected in the second half of the year, according to cybersecurity consultancy Kroll, which blamed low awareness of how to monitor for threats and the city’s outdated data protection law.
Financially motivated cyberattacks have been on the rise in recent weeks, with ransomware and email attacks being the most common types, said Paul Jackson, regional managing director for Kroll’s Cyber Risk practice in Asia-Pacific (APAC).
“Hong Kong and the rest of APAC will be targeted, because historically we’ve had a lower maturity in cybersecurity and the bad guys are always looking for easier targets,” said Jackson, a two-decade veteran of the Hong Kong Police Force who left the force in 2010.
Jackson served multiple roles with the Hong Kong police, including the Chief Inspector and Head of Computer Forensics.
The uptick in cyberattacks came after a relative lull, as attacks declined in part because of Russia’s invasion of Ukraine, according to Jackson. A significant portion of financially motivated organised cybercrime originated in the region, he said.
Kroll has also seen a return of attacks on healthcare organisations, which Jackson said had fallen during the pandemic possibly because criminals chose not to target them, as they were overloaded by the health crisis.
In the second quarter, cyberattacks on healthcare organisation increased 90 per cent globally from the previous quarter, according to Kroll’s Threat Landscape report published last week.