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Hong Kong Securities and Futures Commission urges licensed institutions to guard against emerging cyber threats driven by AI

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Golden Finance reports that on June 2, the Hong Kong Securities and Futures Commission issued a circular today, urging licensed institutions to strengthen their cybersecurity measures in response to emerging threats driven by cutting-edge artificial intelligence models. As cyberattacks continue to evolve in Hong Kong and around the world, AI-driven cyber threats have drawn significant attention. Notably, last year, the total number of cybersecurity attack incidents in Hong Kong grew by double digits. In light of this, the Hong Kong SFC cautioned in the circular that, as cutting-edge AI models rapidly evolve, cyberattacks may become more frequent, more targeted, and more sophisticated and complex, thereby potentially leading to major operational disruptions and risks for licensed institutions, their employees, and their clients.
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