From black hat hackers attempting to break into government computer systems, to white hat security experts working to crack and improve protections on popular internet browsers, cybersecurity affects us all. Every day hackers steal millions of pieces of personal data and, as former NSA contractor Edward Snowden revealed, sometimes it may be our own governments doing the snooping.
Case involving fictitious online sale of dog meat makes one thing clear: unless enforcement can stay ahead of the cybercriminals, Hong Kong’s dreams of shifting to more efficient cashless systems will keep barking up the wrong tree.
World leaders agree artificial intelligence in the wrong hands could be a threat to humanity and have taken steps to avoid such a scenario.
Allowing the resumption of cross-border data transfers in day-to-day business shows pragmatism can still prevail in Chinese policymaking.
As the latest victim – Hong Kong’s Consumer Council – has warned, no system is apparently ‘bulletproof’ when it comes to cyberattacks, but vigilance is key.
Ransomware attack on city’s tech hub and its delayed reaction to data breach show there is no room for complacency in cyberspace.
Despite new crime-fighting tools, it is becoming increasingly clear that staying ahead of cyber bandits requires individuals to take greater precautions.
PwC’s affiliates in China and Hong Kong, and Shandong Haoxin, have agreed to pay a combined fine of nearly US$8 million for auditing failures related to US-listed Chinese companies, the PCAOB said.
District judge Donald Molloy has issued a preliminary injunction, saying the state ban ‘infringes on the constitutional rights of users’.
PDD-owned Temu has secured injunctions against some phishing web sites in US, as it continues to battle online impersonators and scammers.
The platform aims to help organisations verify the credibility of cross-order data based on the blockchain, enhancing smooth data flows across Greater Bay Area.
The possible ban would cover the state security sector, not the general public. In Indonesia, meanwhile, state media reported the video-sharing app had applied for a government e-commerce permit.
While Line app owner LY Corp has flagged the data breach, it has reassured that the information hacked does not include bank account and credit card records, or chat messages.
City’s telecoms firms have sent 117,647 alerts daily since May to warn about possible scams from ‘+852’ numbers pretending to be locally based.
The scam ‘attack rate’ in the Asia-Pacific is ‘well above’ the global average, with the region facing the most cyberattacks in 2022 for the second consecutive year.
Sun confirmed in a tweet that HTX lost millions of dollars in cryptocurrency after a cross-chain bridge attack, weeks after Poloniex was also hacked.
Faster Payment System will issue automatic alert to anyone attempting to transfer money to a police Scameter ‘high-risk’ account from Sunday.
Parent Singapore Telecommunications announced the resignation of Optus CEO Kelly Bayer Rosmarin days after a network-wide outage left nearly half of Australia without phone or internet for 12 hours.
The National Data Administration debuts as Beijing seeks to outpace the US and other Western rivals in setting norms and standards for data governance and artificial intelligence.
Rules restricting the location of working papers and data mean accounting firms will have to up their game to comply, experts say, while calling into question the role of Hong Kong and the ‘big four’ global accounting firms.
Businesses from the European Union would like concepts like ‘important data’ and ‘personal information’, which appear frequently in China’s data laws, to be better defined.
Accounting firms and auditors look to come under greater scrutiny as Beijing tightens its grip on data security and management, and further industry-specific laws and regulations are expected.
Office of the Privacy Commissioner for Personal Data finds number of businesses suffering attacks rose by 8 percentage points to all-time high this year.
Officials from ICBC are in the US to limit fallout from the ransomware attack. While they have sought to calm markets, one question remained unanswered: when will the stricken systems start functioning again?
The Chinese lender’s US arm was hit by a ransomware attack that disrupted trades in the US Treasury market last week.
Provincial government will accelerate the establishment of a ‘Digital Bay Area’ by looking at two-way, cross-border data transfers and building a special data zone.
Politicians say the move seems to ‘stifle freedom of expression’ in Nepal and call for regulations to counter abuse of social media instead.
The 3.5-hour system breakdown also affected other Alibaba apps such as DingTalk, as well as the company’s cloud storage services.
The breach had crippled operations at the company, which manages about 40 per cent of the goods that flow in and out of Australia.
This is the latest in a string of devastating, high-profile cyberattacks globally. Earlier this week, the Industrial and Commercial Bank of China – the world’s biggest lender by assets – was targeted.
ICBC has pumped funds into its US unit to pay US$9 billion for unsettled trades and has hired a cybersecurity firm after a ransomware attack.
Qichacha said its new platform is the first to receive approval by the Cyberspace Administration of China and will launch soon in multiple countries.
The incident affected some financial services, though the impact seemed to be limited.
Parliament members ask if the companies will be excluded from the Global Gateway Business Advisory Board ‘within the context of de-risking from China’.