Asset theft is top economic crime in China
By CAI XIAO (China Daily) Updated: 2014-02-28 02:17The data-dependent businesses in Hong Kong, combined with the rapid growth of social media, underscore the growing threat posed by cybercrime. In Hong Kong and Macao, 37 percent of respondents said they had been victimized by cybercrime.
In addition, 99 percent of respondents said that the risk of cybercrime has remained at a steady level or increased.
"Ultimately, cybercrime is not strictly a technology problem but a strategy problem, a people problem and a process problem," said Ramesh Moosa, a partner at PwC China.
"Organizations are not being attacked by computers but by people attempting to exploit human frailty as much as technical vulnerability," he pointed out.
The survey also found that 37 percent of Hong Kong and Macao respondents had encountered money laundering, three times more than regional and global averages.
"The concentration of financial services businesses in Hong Kong and risks faced by Macao's large gaming sector, combined with increased local and global regulatory activity, makes this a significant area of future focus," said Donker.
|
 |
 |
- Top 10 wealthiest people of Chinese origin
- Top 10 white-collar crimes in 2013
- Reaffirm China's resolve to fight corruption
- Judicial corruption targeted
- China targets judicial corruption in commutation
- To stop corruption you first need to swat flies
- China's network against corruption
- CNN: Corruption as China's top priority
- NHTSA says finds no 'defect trend' in Tesla Model S sedans
- WTO rare earth ruling is unfair
- Amway says 2014 China sales may grow 8%
- President Xi in Europe: Forging deals, boosting business
- CNOOC releases 2013 sustainability report
- Local production by Chery Jaguar Land Rover this year
- Car lovers test their need for speed in BMW Mission 3
- China stocks close mixed Monday
