These days, cyber resilience and data protection are some of the most important indicators when it comes to measuring the health and market prospects for an organisation. And in Hong Kong, the increasing incident of cybercrime has further emphasised the need for companies to adopt robust cybersecurity systems.
The amount of cyber attacks in 2020 increased 55% over just the past year (Allen & Overy). The ability to adequately protect against cyber attacks, such as ransomware, phishing and distributed denial-of-service (DDoS) attacks is essential across all industries, with recent targets in Hong Kong spanning the insurtech companies to cryptocurrency exchanges (Yahoo Finance). For enterprises, protection of data assets is a matter of both revenue and reputation.
So, how has the Hong Kong market responded to this evolving threat landscape?