The Securities and Futures Commission has reprimanded Luk Fook Securities (Hong Kong) and fined it HK$2.1 million for failing to implement adequate and effective cybersecurity controls, according to Ming Pao.
The regulator said the deficiencies could have left the firm unable to withstand a ransomware attack and delayed the full recovery of its systems from the cyberattack by about three weeks.
SEC Rebukes Luk Fook Securities (Hong Kong) For Cybersecurity Failures
2026-07-28 08:47:23
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