As threats continue to mount, understanding and managing cybersecurity risks have become top of mind for leaders in business and government. Organisations are responding by taking action. Increasingly, they are adopting innovative technologies like cloud-enabled cybersecurity, Big Data analytics and advanced authentication to reduce cyber-risks and improve cybersecurity programmes.
Businesses are also embracing a more collaborative approach to cybersecurity, one in which intelligence on threats and response techniques is shared with external partners. Internally, organisations are rethinking the roles of key executives and the Board of Directors to help create more resilient and proactive security capabilities.
Through the report, we found in China / Hong Kong:
Companies in China/Hong Kong see five-fold rise in average detected information security incidents in 2015.
Customer data, internal records and "hard" intellectual property are more alluring for attackers.
According to respondents, China/Hong Kong respondents have reported an average budget even higher than the global figure, with a rise of 16% in 2015.
In view of the increasing trend of the Internet of Things, many respondents are not yet fully prepared for the security risks that come with the trend. Less than half (44%) of the China/Hong Kong respondents have the corresponding security strategy in place.