‘Asleep at the wheel’: cybersecurity experts continue tirade against Hong Kong firms as ransomware attacks proliferate

Organisations in Hong Kong are ill-prepared to deal with rising ransomware attacks, cybersecurity experts said this week after scores of incidents were reported to local authorities in the last two months.

In such cases, attackers usually distribute malware to devices using spam e-mail campaigns. When the user clicks on this, the malware encrypts all of the files in their device. It will only be released upon receipt of a ransom, often in the form of the cryptocurrency Bitcoin.

At least 40 ransomware attacks have been reported to the Hong Kong Computer Emergency Response Team Coordination Centre (HKCERT) since February, according to SC Leung, a senior consultant at the body. He said the number of known incidents is likely to be only a “small fraction” of the total. For the full article click here 

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