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China Preps 5-Year Cybersecurity Plan

29/05/2015 by Sharon Shahzad

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China is prepping a five-year cybersecurity plan to protect state secrets and data.

According to Reuters, a senior official of the Ministry of Industry and Information Technology has confirmed that among the items covered will be security for software used by government departments, state-owned enterprises and financial institutions.

Former National Security Agency contractor Edward Snowden last year disclosed documents allegedly showing that the NSA and other spy agencies were in a habit of bundling spyware with American tech exports to China, prompting the country to drop several technology brands from its approved state purchase list.

Then in January, China said that they wanted to enact a plan to force foreign technology vendors that supply Chinese banks to fork over intellectual property, like proprietary source code, for inspection. Also, they would be required to adopt Chinese encryption algorithms, which would presumably make it possible for the central government to access sensitive information at will. Most vendors balked at the prospect, thus potentially leaving China with only homegrown solutions. China's bank regulator put a temporary hold on enacting those guidelines in April while negotiations between governments played out around the proposal.

"What we have been doing very successfully (is) to make clear towards the United States government, the European government, the Japanese government (and) the government of China that this is a concern," said Victoria Espinel, president of industry group BSA The Software Alliance. "It is not good for Chinese companies to be cut off from being able to choose the best products and services they want, it's not good for China ... as an economy."

This article has been extracted from http://www.infosecurity-magazine.com, please click on this link to read the article in full http://www.infosecurity-magazine.com/opinions/cybercrime-is-now-big-business/

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP Recruitment, BI & Data Recruitment, Information Security Recruitment, Enterprise Architecture & Strategy Recruitment , Energy Technology Recruitment, Demand IT and Business Engagement Recruitment, Digital and E-commerce Recruitment, Leadership Talent, Infrastructure and Service Delivery Recruitment, Project and Programme Delivery Recruitment.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

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