SFC consultation paper on proposal to reduce and mitigate hacking risks associated with internet trading

In recent years, we have seen a large number of high profile cyber-attacks targeting a wide range of organisations in different industries, including licensed corporations (LC) in Hong Kong regulated by the Securities and Futures Commission (SFC), most of which were reported to have involved hackers gaining access to customers’ internet-based trading accounts resulting in unauthorised trades. In view of the rising cybersecurity risk, the SFC conducted a thematic review of the resilience to hacking risks of brokers engaged in internet trading with the assistance of an external security expert. 

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