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Technology adoption in Hong Kong is among the highest in the world1, but it also exposes the general public to significant cyber security risks, such as online fraud, bogus calls or messaging scams.

US authorities are sounding the alarm over North Korea's cyber activities, warning that the rogue state poses a "significant threat" to the integrity and stability of the international financial system.

A recent joint survey on cyber resilience by the Institute of International Finance (IIF) and McKinsey found significant concerns regarding third-party security, and our survey determined that 33 percent of financial-services firms do not have proper vendor remote-access management with multifactor-authentication controls.

Security consultancy Barracuda has recorded a 667% spike in phishing attacks globally since the start of March as fraudsters attempt to cash in on the Covid-19 outbreak.

The infamous Ginp banking Trojan, which acquired the ability to insert fake text messages into the inbox of a regular SMS app back in March, has now acquired a new functionality — one that takes advantage of the recent pandemic.

The UK's top regulator has referred itself to the Information Commissioners Office after suffering a data breach that revealed the names and other identifiable information of 1600 individuals who had lodged complaints against it.

The payment card details of more than 30 million Americans, believed to have been stolen in a data breach at convenience store chain Wawa, have been put up for sale on the dark web.

A cyberattack on a major US bank could have significant spillovers to other lenders, with serious implications for the whole financial system, according to research from the Federal Reserve Bank of New York.

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