Money lenders were given access to a database by Softmedia Technology Company for as little as HK$2. Although Chung argues it is not regulated by financial sector legislation, Softmedia asserts that their database is the largest of its kind in Hong Kong. Insufficient precautions had been taken by Softmedia Technology Company to safeguard the data it stored. In order to prevent accidental or unauthorised access to the personal data in the credit reference system, the company has not taken all reasonably available precautions.