Crypto Gloom

China’s MIIT unveils data security incident plan to protect enterprises from cyber threats

China’s MIIT unveils data security incident plan to protect enterprises from cyber threats

China’s Ministry of Industry and Information Technology (MIIT) has published a comprehensive classification to guide local governments and enterprises in handling data security incidents. The plan outlines the procedures the company must follow when assessing and resolving such incidents.

The classification introduces a four-tier, color-coded system based on the degree of damage to national security, companies’ online and information networks, or the overall economy.

According to the plan, incidents that result in losses of more than $141 million, affect the personal information of more than 100 million people, or affect ‘sensitive’ information of more than 10 million people will be classified as ‘particularly significant’ and a red alert will be issued. do.

In response to red and orange alerts, the plan stipulates that relevant companies and relevant local regulators establish a 24-hour work schedule to address incidents. MIIT must also be notified within 10 minutes of a data breach that certain other actions must be taken.

The introduction of this new initiative highlights China’s concerns about serious data breaches and cyberattacks occurring within its jurisdiction.

Cybersecurity challenges intensify amid global tensions

The introduction of the MIIT contingency plan coincides with heightened geopolitical tensions involving the United States and its allies. This development follows an incident last year in which a hacker claimed to have obtained a significant amount of personal information belonging to one billion Chinese individuals from Shanghai police.

Kyivstar, Ukraine’s largest mobile network operator, recently suffered a hacker attack that temporarily disrupted cellular and internet services. At the same time, Monobank, a major payment system in Ukraine, reported a DDoS attack. Neither company is certain about the identity of the attackers.

Ukrainian state agencies and companies have previously attributed the cyberattacks to Russia, which is currently in conflict with Ukraine, but no specific culprit has been identified in the latest incident.

In a dynamic environment of data-driven technologies, protecting personal information and responding promptly to security incidents are critical imperatives for governments and organizations. MIIT’s recent announcement highlights China’s commitment to protecting its citizens’ sensitive information and represents proactive measures against unauthorized access and potential breaches.

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Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through writing about VCs, notable cryptocurrency projects, and participating in science writing.

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alice davidson

Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through writing about VCs, notable cryptocurrency projects, and participating in science writing.

more articles