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 disruption , according to a report by Chubb . Several Asian countries have enacted cybersecurity legislation , but Hong Kong has failed to do so , the insurer said .
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 disruption , according to a report by Chubb . Several Asian countries have enacted cybersecurity legislation , but Hong Kong has failed to do so , the insurer said .