Hong Kong Launches First Cybersecurity Attack and Defence Drill to Enhance Cyber Defense Skills

Hong Kong Cybersecurity Attack and Defence Drill 2024 launched today

The Government launched Hong Kong's first Cybersecurity Attack and Defence Drill today (November 15). The drill, which will span three days for a total of 60 hours, is spearheaded by the Digital Policy Office (DPO) in collaboration with the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force, the Hong Kong Internet Registration Corporation Limited, and the Hong Kong Institute of Information Technology (HKIIT). Various government departments and public organisations have been invited to participate in the exercise, which aims to enhance their technical skills, experience, and overall defensive capabilities against cyberattacks.

During the drill, cybersecurity professionals acting as attackers (the Red Teams) perform simulated cyberattacks in a strictly controlled environment on participating organisations' designated information systems, which are already in operation to identify potential security risks and vulnerabilities. The defenders (the Blue Teams) deploy their technical skills and strategies to fend off these attacks, thereby strengthening their incident response capabilities and enhancing their experience.

At the opening ceremony, the Secretary for Innovation, Technology and Industry, Professor Sun Dong, explained that the ultimate concept of the drill is "knowing your opponent and yourself well". He noted that the first Hong Kong Cybersecurity Attack and Defence Drill spearheaded by the DPO examines the defence capabilities of government departments and public organisations through practical combat scenarios on Internet-facing information systems, while carrying out in-depth security assessments and vulnerability detection activities of the relevant systems at the same time.

Twelve Blue Teams from nine government departments and three public organisations are participating with their designated information systems in the drill. The five Red Teams, meanwhile, comprise members from the Hong Kong Applied Science and Technology Research Institute, the Hong Kong College of Technology, the HKIIT, and two winning teams from the Cyber Attack and Defence Elite Training cum Tournament held earlier. The DPO has also invited eight cybersecurity firms from the Mainland with extensive drill experience to provide technical support and advice to both the Red and Blue Teams. Representatives from more than 50 organisations are also attending as observers to learn more about the drill process, to serve as a reference for future drills.

Hong Kong Cybersecurity Attack and Defence Drill 2024 launched today Source: HKSAR Government Press Releases

Hong Kong Cybersecurity Attack and Defence Drill 2024 launched today Source: HKSAR Government Press Releases

Hong Kong Cybersecurity Attack and Defence Drill 2024 launched today Source: HKSAR Government Press Releases

Australia-based Real Asset Management Group expands Hong Kong operations

​Invest Hong Kong (InvestHK) announced today (November 15) that Real Asset Management Group (RAM) has extended its business offerings to retail products and expanded its Hong Kong operations by hiring a new team to structure, manage and distribute its new retail funds.

The Director-General of Investment Promotion for InvestHK, Ms Alpha Lau, said, "I am delighted that RAM has chosen Hong Kong as the destination for its further expansion. RAM's presence here will enrich Hong Kong's offerings for global investors, as it brings expertise and experience in providing investment solutions in credit, real estate, and private equity markets."

She added, "There is strong demand from New CIES (NewCapital Investment Entrant Scheme) investors since the scheme's inception in March this year, providing a strong increase in opportunities for fund firms and asset management companies to expand their business in Hong Kong."

Founder and Executive Chairman of RAM, Mr Scott Wehl, said, "We have a decade-long history in Hong Kong and are excited about the opportunities ahead. This retail product expansion underscores our ongoing commitment to investing in the city, the largest international asset management hub in Asia. It also enhances investment opportunities for our investors."

He added, "To support our expanded business operations, we have strengthened our investment management and distribution teams by adding new talent to better meet the needs of local investors. We will continue to leverage our expertise in credit, real estate, and private equity to develop new investment solutions that cater to both local and international investors."

RAM is an alternative asset manager for institutions and wealthy families globally, and is headquartered in Sydney, Australia. As of the end of October, RAM had a pan-Asia presence with five offices in Sydney, Melbourne, Brisbane, Shanghai, and Hong Kong, and a team of over 170 finance professionals managing more than HK$27 billion in assets.

RAM Investment Advisors Limited was incorporated in Hong Kong in May 2014 as a private company limited by shares. It is regulated by the Securities and Futures Commission of Hong Kong and holds licenses to carry out Type 1 (Dealing in Securities), Type 4 (Advising on Securities), and Type 9 (Asset Management) regulated activities, subject to the applicable licensing condition.

For more information about RAM, please visit ramgroup.com.hk.

To obtain a copy of the photos, please visit www.flickr.com/photos/investhk/albums/72177720321955233.

Australia-based Real Asset Management Group expands Hong Kong operations Source: HKSAR Government Press Releases