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Cybercrime and the Need for Cyber Insurance in Hong Kong

CYBER THREATS IN NUMBERS INDUSTRIES UNDER THE MOST THREAT IN HONG KONG MEANS OF BREACH Illegal access to network via stolen or hacked credentials 37% Financial institutions 78% 23% Retail and Food Malware 17% Manufacturing and Transport 20% Physical attack 5% 20% Service Firms Phishing rates have greatly increased since 2012. 4x greater risk today. Mobile Malware threats 42.8M Android devices also went up by 121% in 2014 O were infected in E 2014 worldwide 95% of threats were directed at Android devices last year out of 5 financial institutions in Hong Kong have experienced some form of cyber attack The cost of resolving a single Distribution DD.S of Denial-of- Service (DDO5) attack in Hong Kong is over US$80,000 Only 13% of Hong Kong companies have taken action to heighten their cyber security HOW TO REDUCE THE RISKS Device Risk Management Learn to take extra EXTRA steps in securing your system so it recognizes attacks immediately System Access Accountability Get a system that can trace every event that accesses your system and can correlate with every account. Explore Cyber Insurance Find a policy that protects you from the financial burden of events caused by any form of cyber attack to your business.

Cybercrime and the Need for Cyber Insurance in Hong Kong

shared by villageinsuranc... on Jul 24
These are facts on cybercrime rates in Hong Kong which pushes the need to be covered by cyber insurance.


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