Hong Kong may be Asia’s best place to do business in terms of its overall resilience – and its cyber resilience, overtaking other Asia countries including Japan and Singapore.
The 2018 FM Global Resilience Index ranked 130 countries and territories on their business environment resilience in 12 key areas including political risk, urbanization rate, natural hazard exposure, control of corruption, and inherent cyber risk.
Across all risk areas Hong Kong was ranked 19th worldwide, followed by Japan (24th) and Singapore (28th). Switzerland, Luxembourg and Sweden took out the top three spots for overall resilience.
Rankings for Malaysia (ranked 40th), Thailand (97th) and South Korea (44th) remained relatively unchanged from 2017, where natural hazard exposure, political risk, and inherent cyber risk influence their overall global positions.
The index also says that cyber attacks can have an impact on stalled operations, disrupted supply chains, class-action lawsuits, and permanent brand damage.
It describes inherent cyber risk as, “Vulnerability to a cyber attack combined equally with the country’s ability to recover; captured by internet penetration…
