Hong Kong organisations are easy targets for hackers, more cyberattacks expected this year, consultancy Kroll finds

Financially motivated cyberattacks are on the rise after declining following Russia’s invasion of Ukraine, cybersecurity consultancy Kroll said. Hong Kong and the rest of Asia-Pacific have historically lower cybersecurity, making local organisations prime targets. — SCMP

Hong Kong organisations could be easy targets amid an uptick in cyberattacks expected in the second half of the year, according to cybersecurity consultancy Kroll, which blamed low awareness of how to monitor for threats and the city’s outdated data protection law.

Financially motivated cyberattacks have been on the rise in recent weeks, with ransomware and email attacks being the most common types, said Paul Jackson, regional managing director for Kroll’s Cyber Risk practice in Asia-Pacific (APAC).