A Hong Kong cyber crime research centre has flagged the need to step up resources and efforts as, with an average of
7 million hacking attempts daily worldwide, Hong Kong, a global
financial centre, is certainly a target.
Frank Tong Fuk-kay, chief executive of the
government-funded Hong Kong Applied Science and Technology Research
Institute (ASTRI), said Hong Kong and the rest of the world were at
“serious risk”.
Last week, ASTRI warned that the Hong Kong
Monetary Authority and People’s Bank of China were among a long list of
central banks hacking group Anonymous identified as top targets in May.
Tong said the research institute and the Hong
Kong Monetary Authority would join forces to set standards to qualify
cyber experts in Hong Kong in a bid to increase talents supply.
“More resources are needed in ensuring cyber
security if Hong Kong keeps up its position as the global financial
centre,” he told the Post in an exclusive interview on Friday.
“[Hong Kong] needs to train its own experts. Even some banks have a
chief technology officer on director boards, which shows how important
cyber security is.”
Tong spoke ahead of a cyber security summit
organised by ASTRI and Hong Kong Police Force from Monday to Wednesday,
which draws cyber experts from Interpol and countries like the United
States, Australia, Ireland, Japan, Singapore and Hong Kong to share the
latest trends and intelligence.
The widespread use of financial technology, or
“fintech”, on banks, stock brokerages, insurance companies, public
utilities, airlines, public transport service provides and hospitals,
for example, involve large amounts of personal data and could fall prey
to hackers.
Duncan Wong, ASTRI’s director, security and data
sciences, cited statistics from Norse, a cyber threat intelligence
network service provider, that on average there are 7 million hacking
attempts worldwide a day varying from web page hacking, individual
machine infection through malware, to critical infrastructure attacking.
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