Hacking

Hackers: ‘A 16-year-old can ruin your day now’

Financial firms are taking renewed interest in internet security in the wake of the hacking attack on the Hong Kong stock exchange last week.
Linda Hui, F5
Linda Hui, F5

Last week’s attack on the Hong Kong stock exchange’s news website was a wake-up call for the city’s financial community, with internet security vendors reporting a spike in interest from firms asking how they can better protect their systems from hackers.

As with most things, the simplest answer is to spend more money. Linda Hui, a managing director at F5 Networks in Hong Kong, estimates that companies in the city typically spend around 3% of their IT budget on security. “That’s too little,” she said in an interview with FinanceAsia this week. “A reasonable amount would be about 10%.”

The threat from hackers is on the...

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