Commercial building vulnerabilities expose Hong Kong to cybercrime risks

Report cites 75% of organisations are operating building management systems with known flaws.

Hong Kong’s increasingly connected commercial buildings are emerging as a potentially overlooked point of vulnerability as global cybercrime is forecast to cost the world $179.63t (US$23t) by 2027, according to WiredScore’s Global Insights report.

The research found 75% of organisations are operating building management systems (BMS) with known vulnerabilities, whilst only half of smart buildings conduct annual assessments to mitigate these risks.

Operational technology systems that run physical building infrastructure are a particular weakness, with 50% of cyber incidents now occurring in these systems. The report said cyber risk is no longer confined to data and is extending into physical infrastructure that keeps buildings operational.

Modern offices rely on thousands of connected devices, including air-conditioning and lighting systems, access controls, and building management systems. WiredScore said these technologies can create new entry points for cyber attackers.

“Smart buildings are creating a new layer of vulnerability. The same systems that power efficiency and tenant experience can also be exploited if they are not properly secured,” said Tommy Crowley, vice president for Asia Pacific at WiredScore.

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