Quarterly Research 1
Data & Cybersecurity Compliance in China
Quarterly Research 1
Data & Cybersecurity in China
Data & Cybersecurity compliance in China
The rise of digitization and the commodification of big data have changed the business world and will redefine sustainable business models in the 21st century. China’s leapfrog development plans have allowed them to become a leader in technology, blockchain, artificial intelligence, and 5G. As China continues to make progress the rest of the world is observing their strides.
The China’s Government has made it clear that data and cybersecurity regulation will be a focus of policy makers. Over the past two years regulations and industry guidelines have been sharpened. In an exercise to promote the standardization of cybersecurity and data practices throughout mainland China, a Cybersecurity Law (CSL) was released in 2017.
The legislation has an increased focus on user data rights, personal information protection, and responsible data practices. Furthermore, it is expected that further regulations will be released to provide a clearer standard across industries.
The various guidelines and assessments released impact any business that must collect and store data. In order to remain compliant under China’s evolving guidelines and regulations, it is important that businesses assess their own data practices and make sure they are following the “best practices” as defined locally. This report will highlight the regulation changes and provide SME specific recommendations for how best to evaluate your business model moving forward.
The rise of digitization and the commodification of big data have changed the business world and will redefine sustainable business models in the 21st century. China’s leapfrog development plans have allowed them to become a leader in technology, blockchain, artificial intelligence, and 5G. As China continues to make progress the rest of the world is observing their strides.
The China’s Government has made it clear that data and cybersecurity regulation will be a focus of policy makers. Over the past two years regulations and industry guidelines have been sharpened. In an exercise to promote the standardization of cybersecurity and data practices throughout mainland China, a Cybersecurity Law (CSL) was released in 2017.
The legislation has an increased focus on user data rights, personal information protection, and responsible data practices. Furthermore, it is expected that further regulations will be released to provide a clearer standard across industries.
The various guidelines and assessments released impact any business that must collect and store data. In order to remain compliant under China’s evolving guidelines and regulations, it is important that businesses assess their own data practices and make sure they are following the “best practices” as defined locally. This report will highlight the regulation changes and provide SME specific recommendations for how best to evaluate your business model moving forward.