BEYOND DEFENSE: Hong Kong’s New Era of Financial Cyber Resilience

Hong Kong, a key international financial hub, is confronting increasingly sophisticated cyber threats that demand strong cyber resilience to protect its financial stability and economic operations. The dependence on digital platforms by essential infrastructure providers increases the potential impact of cyber attacks. To address this evolving threat landscape, the Hong Kong Monetary Authority (HKMA) launched the Cybersecurity Fortification Initiative (CFI) in 2016. This program aims to strengthen the cyber defenses of the banking industry and is built upon three main components: the Cyber Resilience Assessment Framework (C-RAF), the Professional Development Programme (PDP), and the Cyber Intelligence Sharing Platform (CISP). Acknowledging […]

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