Cyber attacks on Hong Kong banks escalate

The Hong Kong Monetary Authority confirmed that cyber thugs are using sophisticated and commonplace means to breach financial institutions' firewalls with increasing regularity.

Cyber attacks on Hong Kong banks escalate

The Hong Kong Monetary Authority confirmed that cyber criminals are using both sophisticated and commonplace means to breach financial institutions' firewalls with increasing regularity.

Information provided to the HKMA by banks operating in the Territory indicate there were 17 reported cases related to distributed denial-of-service DDoS attempts so far in 2015, the HKMA told FinanceAsia. Among those breached were the Hong Kong unit of Malaysia's Public Bank and Hong Kong wealth manager Kowloon...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES