Financial services industry is a prime target of cybercriminals. With developments in the post-COVID-19 era – including licensed virtual financial services, increasing reliance on cloud and online collaboration tools, etc. – the future cyber universe will become more complex, presenting more urgent need to combat cyber risks. As an international financial centre which is exposed to various forms of cybercrimes, how prepared is Hong Kong for preventing and handling cyber risks? This paper sets out recommendations around five areas to help enhance the city’s cyber resilience and lead to a more effective cybersecurity infrastructure for Hong Kong.
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