China’s new law calls on private industry to hand over valuable cyber threat data
The new year marked the beginning of yet another Chinese cybersecurity law that could have a big impact on U.S.-based technology companies. Known as the “Public Internet Cybersecurity Threat Monitoring and Mitigation Measures,” the rules call on private companies conducting business in China to report and hand over cyberthreat information to the government’s Ministry of Industry and Information Technology (MIIT). China founded the MIIT in 2008 in order to regulate the country’s burgeoning information technology industry. The law instructs companies to turn over information regarding both cyberattacks they’ve faced and also any “cyber threat intelligence” they own. Cyber threat intelligence is typically collected by cybersecurity firms and software giants like Microsoft and used to strengthen security operations. The regulation states: “after cybersecurity threats are discovered by relevant professional organizations, basic telecommunication enterprises, cybersecurity enterprises, Internet companies, domain name registration management and service organs … information shall be submitted to MIIT, provincial, autonomous […]
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