Page 454 - 2022 White Paper on the Business Environment in China
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2 White Paper on the Business Environment in China
and effective all-round systematic protection to ensure that relevant facilities are protected from
model. Threat perception has become the attacks, intrusions, interference and sabotage.
focus of security defense. Improving situational The regulation came as the country's major IT
awareness can quickly and effectively identify and infrastructure faces severe security challenges
deal with security threats, achieve comprehensive including frequent cyberattacks, according to a
and accurate presentation of a network security State Council statement. The regulation also called
situation, and improve the level of enterprise on operators of major IT infrastructure projects to
security protection. The Ministry of Industry and bear their primary responsibility of maintaining the
Information Technology issued an exposure integrity, confidentiality and availability of relevant
draft in 2021 on the high-quality development data. Requirements for these operators include
of China's network security industry between conducting security checks and risk assessments
2021 and 2023. According to the exposure draft, every year, and prioritizing safe and creditable
by 2023, China's network security industry will internet products and services in procurement.
surpass 250 billion RMB (US$38.7 billion), with Personal information and important data collected
a compound annual growth rate of over 15%. and produced by the operators during their
With opportunities brought by the development operations within the Chinese mainland should be
of 5G, cloud computing and artificial intelligence, stored in the mainland, and security assessments
network security technologies will become more will be necessary for business needs of providing
diversified, raising new requirements for related such data overseas. Information infrastructure
product innovation (Zheng). and data operators that possess over 1 million
items of personal information shall be subject to
Supply chain attacks and ransomware attacks cybersecurity review before seeking a listing abroad.
are the main challenges in global cyber security. Risks such as critical information infrastructure,
Among the 2,557 domestic enterprise software core data, important data, or a large amount of
projects analyzed by Qi Anxin, each had 66 known personal information being influenced, controlled,
open source software vulnerabilities on average, or maliciously used by foreign governments after
which is the main channel of supply chain attack. going public overseas will be evaluated in the
With high activity, ransomware attacks try to review. The cybersecurity-related industry in China
paralyze the whole network of enterprises. It is reached 170.2 billion RMB (US$26.2 billion) in scale
the most important threat to trigger enterprises' in 2020 (Xinhua, China ramps).
emergency responses. The visualization of machine
learning and Aspect-oriented Security systems are Big data is at the core of digitalized scenarios
the main technological transformation in network and data security is of great significance in big
security protection. The security field is faced with data-driven businesses. Data security is more
complex games while visual analysis can better important than ever before, and data like critical
help decision makers understand the data and infrastructure has become the target of cyber-
respond with effective countermeasures (Wang). attacks. Direct attacks on big data will lead to
the shutdown of business systems. Data theft,
With the latest moves to strengthen IT tampering and leaking will bring about more
infrastructure security and cyberspace regulations, serious problems than cyber-attacks. The Data
Chinaisrampingupeffortsinprotectingthecountry's Security Law, which took effect in September 2021,
cybersecurity. China published an administrative shows that the country attaches huge importance
regulation on major IT infrastructure security that to data security and cybersecurity. The digital
took effect in September 2021. The regulation age is characterized by three things: Everything
stipulates that key IT infrastructure projects, is programmable, everything is connected, and
which refer to IT network facilities and information business is driven by big data, which also means
systems of major industries in key areas, will come digitalization has made the whole cybersecurity
under the country's special protection. Measures environment more vulnerable (Fan, Data).
including monitoring, defense, and proper
handling of cybersecurity risks and threats from With the rapid adoption of digital
both home and overseas will be carried out so as transformation, new cybersecurity threats and
454
and effective all-round systematic protection to ensure that relevant facilities are protected from
model. Threat perception has become the attacks, intrusions, interference and sabotage.
focus of security defense. Improving situational The regulation came as the country's major IT
awareness can quickly and effectively identify and infrastructure faces severe security challenges
deal with security threats, achieve comprehensive including frequent cyberattacks, according to a
and accurate presentation of a network security State Council statement. The regulation also called
situation, and improve the level of enterprise on operators of major IT infrastructure projects to
security protection. The Ministry of Industry and bear their primary responsibility of maintaining the
Information Technology issued an exposure integrity, confidentiality and availability of relevant
draft in 2021 on the high-quality development data. Requirements for these operators include
of China's network security industry between conducting security checks and risk assessments
2021 and 2023. According to the exposure draft, every year, and prioritizing safe and creditable
by 2023, China's network security industry will internet products and services in procurement.
surpass 250 billion RMB (US$38.7 billion), with Personal information and important data collected
a compound annual growth rate of over 15%. and produced by the operators during their
With opportunities brought by the development operations within the Chinese mainland should be
of 5G, cloud computing and artificial intelligence, stored in the mainland, and security assessments
network security technologies will become more will be necessary for business needs of providing
diversified, raising new requirements for related such data overseas. Information infrastructure
product innovation (Zheng). and data operators that possess over 1 million
items of personal information shall be subject to
Supply chain attacks and ransomware attacks cybersecurity review before seeking a listing abroad.
are the main challenges in global cyber security. Risks such as critical information infrastructure,
Among the 2,557 domestic enterprise software core data, important data, or a large amount of
projects analyzed by Qi Anxin, each had 66 known personal information being influenced, controlled,
open source software vulnerabilities on average, or maliciously used by foreign governments after
which is the main channel of supply chain attack. going public overseas will be evaluated in the
With high activity, ransomware attacks try to review. The cybersecurity-related industry in China
paralyze the whole network of enterprises. It is reached 170.2 billion RMB (US$26.2 billion) in scale
the most important threat to trigger enterprises' in 2020 (Xinhua, China ramps).
emergency responses. The visualization of machine
learning and Aspect-oriented Security systems are Big data is at the core of digitalized scenarios
the main technological transformation in network and data security is of great significance in big
security protection. The security field is faced with data-driven businesses. Data security is more
complex games while visual analysis can better important than ever before, and data like critical
help decision makers understand the data and infrastructure has become the target of cyber-
respond with effective countermeasures (Wang). attacks. Direct attacks on big data will lead to
the shutdown of business systems. Data theft,
With the latest moves to strengthen IT tampering and leaking will bring about more
infrastructure security and cyberspace regulations, serious problems than cyber-attacks. The Data
Chinaisrampingupeffortsinprotectingthecountry's Security Law, which took effect in September 2021,
cybersecurity. China published an administrative shows that the country attaches huge importance
regulation on major IT infrastructure security that to data security and cybersecurity. The digital
took effect in September 2021. The regulation age is characterized by three things: Everything
stipulates that key IT infrastructure projects, is programmable, everything is connected, and
which refer to IT network facilities and information business is driven by big data, which also means
systems of major industries in key areas, will come digitalization has made the whole cybersecurity
under the country's special protection. Measures environment more vulnerable (Fan, Data).
including monitoring, defense, and proper
handling of cybersecurity risks and threats from With the rapid adoption of digital
both home and overseas will be carried out so as transformation, new cybersecurity threats and
454
