The Myth of Zero-Risk Cybersecurity: How Businesses Can Build Resilience

Why Perfect Security is Impossible

Like health or road safety, cybersecurity can’t eliminate all risks but only reduces them. Many cybersecurity incidents are cybersecurity accidents: we have done all the safest choices, but hackers are hitting us with attacks from all vectors and at a very fast pace. A 2023 Hong Kong Police report revealed a 45% YoY surge in cybercrimes, with SMBs accounting for 68% of ransomware victims. Attacks are inevitable, but it comes down to how you can lower the risk and be prepared when incidents do happen so that we reduce the impact and business lost to the lowest level.

To further understand how we can lower the risk to your business requirements, there are governance and compliance guidelines available as guidelines to follow for critical infrastructure, financials industries, or retail privacy data.

Data Theft: The New Ransomware Threat

The threat landscape has shifted from encryption-based ransomware to credential theft, where hackers access and threaten to leak sensitive data. Even with reliable backups, customers may lose trust if they believe their data has been stolen. Phishing remains the most common method of stealing access credentials. Despite industry efforts to raise awareness, AI has made fake emails easier to create and harder to detect. Selecting robust email security solutions, along with ongoing phishing simulations, is essential.

Privileged Access: The Invisible Vulnerability

Many cybersecurity incidents also stem from insecure practices by IT administrators with privileged access. While administrators may believe their passwords are strong, it's difficult to maintain unique credentials for every domain, router, firewall, switch, server, application, and database.

These vulnerabilities are compounded when administrators share credentials or create temporary access for external partners, often via remote desktop. In the past, large organizations deployed Privileged Access Management (PAM) solutions to enhance security and simplify IT operations. These tools also provide logs and session recordings for compliance purposes. Although once costly, newer PAM solutions now offer advanced features at lower prices, making it easier for SMBs to adopt secure IT administration practices.

A Proactive Partnership for Resilience

Hong Kong’s dynamic threat environment requires solutions tailored to local regulatory and operational needs. FUJIFILM BI Hong Kong’s team combines global expertise with on-the-ground insights to assess risks, deploy cost-effective email security, prepare response plans to minimize downtime. With one in three Hong Kong SMBs experiencing a breach last year, according to the HKCERT, reactive measures aren’t enough. Contact our team for a comprehensive cyber resilience assessment and protect your most critical assets.