APFIC 2014: HK Gov't Deputy CIO Warns Firms Must Strengthen Data Security

Official says Hong Kong's valuable data makes it a target for hackers, so firms must remain vigilant

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However, Lam also said that the valuable commercial and sensitive data flowing through capital markets firms makes them an attractive target from cyber criminals.

"Hong Kong is the ideal hub for business and finance, but such convenience increases the security risk for companies using technology. [In capital markets], the prevalence of commercial and sensitive data running through the network each second, and the adoption of new technologies such as mobile, cloud and Big Data, induces cyber crim