Andrew Taylor, cyber underwriting manager of Asia Pacific said that numerous small business compromises and ransomware events that are threatening the cash flow of SMEs. More than half of Hong Kong's small and medium-sized enterprises (SMEs) are ill-equipped for cyber threats, while more than two-thirds of SMEs have suffered a cyber attack or error, according to a survey by Chubb. The survey, which was conducted in the first quarter this year, also found that nearly one third of businesses had not implemented any security measures at all since they were introduced last year.
More than half of Hong Kong's small and medium-sized enterprises (SMEs) are ill-equipped for cyber threats, while more than two-thirds of SMEs have suffered a cyber attack or error, according to a survey by Chubb. The survey, which was conducted in the first quarter this year, also found that nearly one third of businesses had not implemented any security measures at all since they were introduced last year.