Hong Kong: Cyber Security
Cyber security attacks present a real risk for Hong Kong businesses and individuals. At present, Hong Kong does not have a standalone piece of legislation governing cyber security risks. The legislative framework is made up of the different legislations covering both the physical and virtual worlds. Banks regulated by the HKMA are required to adhere to the Cybersecurity Fortification Initiative.
The Hong Kong police force has a specialist unit dedicated to investigating and fighting technology crime in Hong Kong. The Cyber Security and Technology Crime Bureau (CSTCB) is responsible for carrying out technology crime investigations and liaises closely with overseas agencies to combat cross-border technology crime.
A successful cyber-attack can have potentially catastrophic financial and reputational consequences for your business. It can also expose you to third party liabilities. The key to managing this risks and protecting your business lies in a bespoke and robust cyber-security protocol.
Links to the key Ordinances in this field are below:
Computer Crimes Ordinance