Trading & Financial News
No Result
View All Result
Saturday, April 19, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Economy

China Plan to Train 45,000 Firms in Hacker Protection Measures

by Tradinghow
February 26, 2024
in Economy, Stock Trading
A A
0
China Plan to Train 45,000 Firms in Hacker Protection Measures
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB

 

China announced a plan on Monday to limit “major risks” and bolster data security for tens of thousands of companies in its industrial sector.

The Ministry of industry and information technology (MIIT)’s two-year plan comes at a time when China and the United States frequently accuse each other of cyberattacks and industrial espionage.

It follows unprecedented revelations last week about hacking by a private firm in Shanghai on behalf of state entities after a trove of documents was posted on GitHub.

 

ALSO SEE: US Auto Sector ‘Faces Extinction’ From Chinese Mexico Imports

 

Last year Reuters reported that Chinese government entities and state-owned enterprises were accelerating efforts to replace Western-made hardware and software with domestic alternatives, partly due to fears of hacking from foreign adversaries.

 

Country to train data security ‘talents’

“In response to frequent risk scenarios such as ransomware attacks, vulnerability backdoors, illegal operations by personnel, and uncontrolled remote operation and maintenance, we will strengthen risk self-examination and self-correction, and adopt precise management and protective measures,” according to the plan, published on MIIT’s website.

Protective measures, including emergency drills simulating ransomware attacks, must be applied to over 45,000 companies in China’s industrial sector by the end of 2026, covering at least the top 10% in terms of revenue in every Chinese province.

The plan also aims to complete 30,000 data security training sessions and cultivate 5,000 data security “talents” within the same timeframe.

China has in the past three years tightened regulation over how its companies store and transfer user data, citing national security concerns.

Regulators fined Chinese ride-hailing giant Didi $1.2 billion in July 2022 over data-security breaches.

The Ministry of State Security warned in December that foreign geographic information software was being used to collect sensitive data in key sectors including its military.

In the same month, MIIT proposed a four-tier classification system to help it respond to data security incidents.

 

  • Reuters with additional editing by Jim Pollard

 

ALSO SEE:

 

China Facing a WikiLeaks-Style Crisis From Hacking Firm’s Data

 

China Drafts Contingency Plan for Data Security Incidents

 

China Plans New Checks For Auditors, Accounting Firms

 

China’s Top Bank Paid Ransom After Cyber Attack, Gang Says

 

China Planning Ten-Fold Increase in Some Cyber Law Fines

 

China Plans Rules to Regulate Data Flows From Smart Cars

 

China ‘Stolen Personal Data of 80% of Americans’ – The Hill

 

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.





Source link

  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Emirates Steel drops interest in Thyssenkrupp steel unit

Emirates Steel drops interest in Thyssenkrupp steel unit

July 27, 2023
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Startup funding concerns balanced by AI optimism at GITEX Africa

Startup funding concerns balanced by AI optimism at GITEX Africa

April 19, 2025
Social Norms Shape Investment Behavior. What Can Advisors Do About It?

Social Norms Shape Investment Behavior. What Can Advisors Do About It?

April 19, 2025
After Wipro, Infosys gets target price cuts post weak Q4 earnings

After Wipro, Infosys gets target price cuts post weak Q4 earnings

April 19, 2025
Nigerian oil finds new buyer as Turkey’s largest refinery places fresh order

Nigerian oil finds new buyer as Turkey’s largest refinery places fresh order

April 18, 2025

Recent News

Startup funding concerns balanced by AI optimism at GITEX Africa

Startup funding concerns balanced by AI optimism at GITEX Africa

April 19, 2025
Social Norms Shape Investment Behavior. What Can Advisors Do About It?

Social Norms Shape Investment Behavior. What Can Advisors Do About It?

April 19, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In