Hong Kong Information Security Group

Vision

To create a cyber-resilient Hong Kong where individuals, businesses, and government entities are equipped to defend against and recover from cyberattacks.

Industry Key Challenges

• Evolving Threat Landscape: Cyber threats are becoming more sophisticated, requiring constant adaptation of defense mechanisms.
• Lack of Awareness: Many individuals and organizations are unaware of the risks or lack the knowledge to protect themselves
• Resource Constraints: Small and medium-sized enterprises (SMEs) often lack the resources to implement robust cybersecurity measures.

HKISG's Role

• Education and Awareness: Conduct workshops, webinars, and campaigns to educate the public and businesses about cyber risks and best practices.
• Collaborative Intelligence: Establish a threat intelligence-sharing platform for businesses and government agencies to exchange information on emerging threats.
• Support for SMEs: Develop affordable cybersecurity toolkits and frameworks tailored to the needs of SMEs.
• Incident Response Support: Create a community-driven incident response network to assist organizations in recovering from cyberattacks.

Vision

To position Hong Kong as a global leader in ethical AI development and governance, ensuring that AI technologies are used responsibly and securely.

Key Challenges

• Bias and Fairness: AI systems can perpetuate biases if not properly designed and monitored.
• Lack of Regulation: The rapid pace of AI development often outpaces the creation of ethical and security standards.
• Transparency and Accountability: Many AI systems operate as "black boxes," making it difficult to understand their decision-making processes.

HKISG's Role

• Guidelines and Standards: Develop and promote ethical AI frameworks that address bias, transparency, and accountability.
• Training and Certification: Offer training programs for AI developers and users to ensure they understand ethical and security considerations.
• Research and Collaboration: Partner with academia and industry to research secure AI solutions and share findings with the community.
• Policy Advocacy: Work with regulators to shape policies that encourage responsible AI development and use.

Vision

To create a fraud-resistant digital environment where individuals and organizations can confidently engage in online activities.

Key Challenges

• Identity Theft: Criminals exploit weak authentication mechanisms to steal digital identities.
• Sophisticated Fraud Schemes: Fraudsters use advanced tactics, such as phishing and social engineering, to deceive victims.
• Lack of Awareness: Many individuals are unaware of how to protect their digital identities or recognize fraudulent activities.

HKISG's Role

• Secure Authentication: Advocate for the adoption of multi-factor authentication (MFA) and biometric technologies.
• Fraud Detection Tools: Partner with technology providers to develop and promote tools for detecting and preventing cyber fraud.
• Public Awareness Campaigns: Launch campaigns to educate the public about common fraud schemes and how to avoid them.
• Collaboration with Law Enforcement: Work with law enforcement agencies to develop strategies for combating cybercrime and supporting victims.

1

Vision

To foster trust and innovation in Web 3 and blockchain ecosystems, ensuring their secure and sustainable growth

2

Key Challenges

Vulnerabilities in smart contracts, lack of regulation, and balancing scalability with security.

• Vulnerabilities in Smart Contracts: Poorly coded smart contracts can lead to significant financial losses.
• Lack of Regulation: The decentralized nature of blockchain makes it difficult to enforce security standards.
• Scalability and Security Trade-offs: Balancing scalability with security remains a challenge for blockchain networks.

3

HKISG's Role

Develop security best practices, organize innovation challenges, provide training, and engage with regulators.

• Best Practices and Guidelines: Develop and promote security best practices for blockchain developers and users.
• Innovation Challenges: Organize hackathons and innovation challenges to explore secure Web 3 solutions.
• Education and Training: Provide training programs on blockchain security for developers and businesses.
• Policy Development: Engage with regulators to shape policies that promote security and innovation in the blockchain space.