This document discusses cybercrime issues in Hong Kong. It describes a case of an e-commerce website that was attacked overseas through malware and blackmail, resulting in monetary and reputational damages. While Hong Kong has seen few documented local cyber attacks, factors like high internet penetration, connectivity and low user/SME security awareness make it highly ranked for malware infections and other cybercrimes. The document calls for the government to take a more coordinated approach to cybersecurity through regulation, education, monitoring and sustained funding, in order to address emerging threats from areas like mobile computing and cloud services.