1、June 2021Cybersecurity Strategy for Hong Kongs Financial Services IndustryFSDC Paper No.49ContentExecutive SummaryCyberspace Safety a Significant and Growing Issue GloballyIs Hong Kong an Obvious Target?Cyber risk level of,and impact on,Hong Kong Hong Kongs cybersecurity preparedness Hong Kong shoul

2、d maintain a cyber-safe yet business-friendly environment From precaution to business opportunities for Hong KongHong Kong Is Keeping Pace but Not a Leader Cybersecurity policy&strategy Legal®ulatory frameworks financial industry specific Cybersecurity culture Cybersecurity education,training&ski

3、llsRecommendations Policy level Legal and regulatory level Operational level Conclusion Annex Jurisdictional Survey of Cybersecurity Frameworks125589111314141617202122242728Executive SummaryCybersecurity,or Cyberspace safety,is a cross-industry,cross-boundary subject matter.Among others,financial se

4、rvices industry is a key target of cybercriminals,who have caused tremendous economic,regulatory and reputational harm over the years.As an international financial centre,Hong Kong draws an increasing number of cybercrimes;and to prevent,address and handle cyber risks,the level of readiness among fi

5、nancial institutions in the city is generally on an upward trend.With developments in the post-COVID-19 era including licensed virtual financial services,increasing reliance on cloud and online collaboration tools,etc.the future cyber universe will become more complex,presenting a more urgent need t

6、o combat cyber risks.Based on a comparison on cybersecurity framework of Hong Kong against other jurisdictions(including Australia,the European Union(“EU”),Japan,Mainland China,Singapore and the United States(“US”),we have summarised as to how Hong Kong fares internationally on four key dimensions (