The data-dependent businesses in Hong Kong, combined with the rapid growth of social media, underscore the growing threat posed by cybercrime. In Hong Kong and Macao, 37 percent of respondents said they had been victimized by cybercrime.
In addition, 99 percent of respondents said that the risk of cybercrime has remained at a steady level or increased.
"Ultimately, cybercrime is not strictly a technology problem but a strategy problem, a people problem and a process problem," said Ramesh Moosa, a partner at PwC China.
"Organizations are not being attacked by computers but by people attempting to exploit human frailty as much as technical vulnerability," he pointed out.
The survey also found that 37 percent of Hong Kong and Macao respondents had encountered money laundering, three times more than regional and global averages.
"The concentration of financial services businesses in Hong Kong and risks faced by Macao's large gaming sector, combined with increased local and global regulatory activity, makes this a significant area of future focus," said Donker.
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