Introduction

In the digital age, data is a vital asset, and its security is of the utmost importance, particularly within the financial services industry which is relied on by all levels of society.

The National Financial Regulatory Administration (“NFRA”) has introduced the Measures for Data Security Management of Banking and Insurance Institutions (“

Introduction

On 22 March 2024 at 2000 hours, the Cyberspace Administration of China (“CAC”) released the long-awaited Regulations for Promoting and Standardising Cross-Border Data Transfer (“CBDT Regs”), which took effect immediately. The CBDT Regs undo or further clarify some of the requirements under:

  • Article 38 of the Personal Information Protection Law (“PIPL

In an era dominated by digital connectivity, safeguarding the integrity of networks and information systems has become a global imperative. China, recognizing the critical importance of cybersecurity, has introduced the draft Management Measures for Cybersecurity Incident Reporting (the Measures). The Measures outline a comprehensive approach to reporting cybersecurity incidents, aiming to minimize losses, incentivize legal