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Hong Kong Business Insurance Articles

Get all the information you need about business insurance products in Hong Kong with our in-depth articles on the comprehensive range of business insurance offerings in Asia's World City.  From the legal regulations around Employee's Compensation Insurance, through to coverage options for Professional Indemnity and D&O Products, CCW Global gives you the extensive insights you need to understand the complicated corporate risk landscape in HKSAR.

Check back regularly as we continue to update you with the business insurance content you need!

Banned Pro Independence Party Cyber Attack Exposes Digital Risk in Hong Kong

Published on: 17 November 2018 by Michael Lamb

On November 16th 2018, a report by the Hong Kong Free Press stated that banned pro-independence party leader, Andy Chan, and his lawyers were the target of a sophisticated cyber attack effort; reportedly originating from mainland china according to IP logs.

While we may not agree with Mr. Chan’s stance on Hong Kong politics, the fact that his lawyers were being targeted over instant messaging software and through spear-phishing attempts on their email should be of great concern to the entire business community in Hong Kong.

WannaCrypt Hack Makes Case For Cyber Insurance

Published on: 17 May 2017 by Michael Lamb

On Friday May 12th 2017 a Global Ransomware Attack hit more than 230,000 computers and servers in over 99 countries, according to Wired Magazine. An event that was once almost exclusively in the domain of Scifi and Speculative Fiction, including such titles as Neal Stephenson’s Reamde, has had a profound real-world impact on Government institutions and businesses across the globe.

The Trojan.Ransom.WannaCrypt Worm targeted Microsoft Windows operating systems by encrypting files on the system and demanding a bitcoin payment to release the computer back to the user. The attack was spread via Phishing Emails and vulnerabilities in unpatched (and outdated) Windows Operating systems including Windows XP.

Hong Kong Macau Zhuhai Bridge Project Hacked – A Case for Cyber Insurance

Published on: 11 May 2017 by Michael Lamb

On May 8 2017 news emerged in Hong Kong media that the Hong Kong – Macau – Zhuhai Bridge Project was the victim of a Ransomware Attack during the month of March 2017. The Hong Kong Government was formally notified of the attack on March 2 2017, but failed to disclose the event to local media, the public, or other involved stakeholders prior to the May 8thannouncement.

According to Hong Kong Free Press a network server at the Bridge Project’s site headquarters was locked down by Hackers who demanded a ransom to release the server back to the contractors. When Hong Kong police were notified of the event the Hackers deleted some files before unlocking the system for use by the Highways Department and relevant contractors.

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