A two-month consultation on proposed measures to reduce and mitigate cyber security risks associated with internet trading of securities in Hong Kong (the Consultation) was launched on 8 May 2017 by the Securities and Futures Commission (the SFC).
The Consultation follows a recent review by the SFC of resilience of brokers in Hong Kong to cyber-attacks (such as the hacking of trading accounts, installation of ransomware and denial of service attaches) and is set against a backdrop of the increasing number of cyber security incidents to the financial services sector.
For further information please see this post on our Financial services: Regulation tomorrow blog.
