[Security Blog] “HKT Hong Kong Enterprise Cyber Security Readiness Index 2021” Up 2.7 Points to 49.6 Both Enterprises and Employees Are Urged to Strengthen Cyber Security Awareness to Defend Against Cyber Attacks Amid Rampant Phishing Emails

[Security Blog] “HKT Hong Kong Enterprise Cyber Security Readiness Index 2021” Up 2.7 Points to 49.6 Both Enterprises and Employees Are Urged to Strengthen Cyber Security Awareness to Defend Against Cyber Attacks Amid Rampant Phishing Emails

The Hong Kong Productivity Council (HKPC) released the results of the “HKT Hong Kong Enterprise Cyber Security Readiness Index 2021”, which reports an Overall Index at 49.6 (maximum being 100), a slight increase of 2.7 from that of a similar survey last year (https://www.hkpc.org/en/about-us/media-centre/press-releases/2020/ssh-index2020), with that of SME rising 4.9 from 42.7 to 47.6 - indicating that Hong Kong enterprises are attaching more importance to cyber security in an increasingly digitalised business environment.

The Overall Index comprises of four areas: “Policy and Risk Assessment”, “Technology Control”, “Process Control” and “Human Awareness Building”. Apart from “Policy and Risk Assessment”, which recorded a small drop of 0.6 to 45.5, the other three all reported increases. “Technology Control” performed the best at 66.7, with its “Cyber Threat Detection” sub-index surging 25.2 to 65.7 this year. Significant improvement was also observed in the “Third Party Risk Management” sub-index of “Process Control” which went up 14.6 to 38.6.

By sector, “Financial Services” (62.9) continued to be the most vigilant at the “Managed” level, while other sectors, with scores of 42 to 52.3, remained in the “Basic” level with the highest increase in “Professional Services”.

The survey explored the opinions and deployments of the surveyed enterprises on managed security services (MSS). An all-round MSS provider aims at helping enterprises to assess, mitigate and prevent the threats of cyber attacks. It offers all levels of enterprise network security services, ranging from designing security policies and measures, conducting security tests, to integrating security solutions and providing secure broadband connectivity, to meet the demands from customer ranging from SMEs to the most demanding multinational companies. 

The survey shows that surveyed enterprises believe that the benefits of using MSS perfectly meet the challenges they encountered in cyber security management. The benefits of MSS include: (1) higher flexib ..

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