Hong Kong's smaller businesses think 'we're too small to be hacked' despite hacking experience, insurer finds

[InfoSec News <alerts () infosecnews org>]

https://www.scmp.com/business/companies/article/2182473/hong-kongs-smaller-businesses-think-were-too-small-be-hacked

By Linda Lew
South China Morning Post
17 January, 2019

Hacking is on the rise in Hong Kong. But many smaller businesses have a "we're 
too small to be hacked" mindset that leaves them vulnerable, according to 
insurance company Chubb

Chubb surveyed 300 of Hong Kong's small and medium sized businesses and found 
that seven out of 10 said they had experienced a cybersecurity incident such as 
hacking or data loss in the past year. Despite this, half of the businesses 
surveyed had never bought cyber insurance. Fifty-two per cent of respondents 
also think they are less at risk than large corporations.

"There's a perception with small businesses that 'we're too small to be 
hacked'," Chubb Asia-Pacific's Cyber Underwriting Manager Andrew Taylor said.

He argues that smaller companies actually have a larger exposure as they face 
the same risks as big businesses but lack the resources for comprehensive 
protection.

[...]



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