Feb 27, 2019, Hong Kong -- Hoplite Technology is pleased to announce that it has successfully secured grants from the Cyberport Creative Micro Fund (CCMF) Scheme of Hong Kong. A seed funding of HK$100,000 is awarded to Hoplite Technology. The CCMF scheme encourages innovation and creativity by sponsoring high potential digital tech start-up projects and business ideas. The fund will be used for the development of proof-of-concept prototype product for Hoplite Technology’s cyber insurance platform.
Established in 2018, Hoplite Technology promotes risk visibility, aiming to help corporate fully understand cyber risks in a way that it can be described, comprehended, compared and explained. Hoplite Technology develops sensors, automated risk assessment tool and cyber risk index for cyber insurance companies and businesses.
“Risks impede trust and we cannot eliminate risk totally. A holistic approach in managing cyber attacks and accidental data leaks must include cyber insurance*. Our cyber insurance platform will help businesses examine their own risk assessment and also promote the reach of cyber insurance in the market,” says Co-founder & CEO, Antony Ma, CCSP, LLM.
*Global cyber insurance market accounted for USD 4.2 billion in 2017 and is expected to reach USD 22.8 billion globally by 2024, growing at a CAGR of around 27% between 2018 and 2024.