Meeting IT Security Challenges in a Fast-changing Threat Landscape"

Charles MokLegislative Councillor (Information Technology)

Meeting IT Security Challenges in a Fast-changing Threat Landscape2016.3.19 @ HPE Protect VIP Luncheon

data is everywh

ere

Rise of FinTech

IoT creates

new loopholes

Threat environment :Changing quickly, more complex

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Coordinated attacks againstgovernments and corporations worldwide continue to grow in complexity and strength

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Hong Kong:6th most targeted economy of online threat in banking sector

Source: Kaspersky Lab, IT Threat Evolution in Q3 2015 Report

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Cyber security incidents more frequent

Hong Kong

4,928 security incidents reported in 2015

43% increase from 2014

Source: Hong Kong Computer Emergency Response Team Coordination Centre (HKCERT)

IT security awarenessis vital as ever

Nov 2015: Vtech was targeted by a data breach, affected 5 million customer accounts and children’s profiles

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Weapons of cyber attacks

DDoS attacks

Remote Access Trojan (RAT)

Malware

Ransomware

spear phishing

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IT challenges when Hong Kong is turning into a smart city

Connected devices and sensorsRogue

insidersLegacy softwares

Big data breaches

Outdated software and OS-based attacks

Mobile devices

Attacks on Cloud storage providers

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How should enterprises meet

IT security challenges in existing threat

landscape?

collect insight on threat indicators

and monitor emerging threats

Have a cloud and security strategy

investing in new capabilities and

functionality

conducting vulnerability scanning and penetration tests

strengthening security controls

strong oversight and enhance emergency

response

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The biggest infosecurity debate of our time:What is the future of encryption and privacy?

Thank Youcharlesmok@charlesmok.hkwww.charlesmok.hk

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