(Beijing Comprehensive News) China reported that banks and insurance institutions were reported to comprehensively evaluate the network and data security of all businesses, which marked that the Chinese government attaches importance to national security and data integrity.
Bloomberg Society on Wednesday (January 10) quoted people familiar with the matter report that the State Administration of Finance and Administration of China issued a notice at the end of last year, requiring banks and insurance companies to repair the discovered network vulnerabilities before mid -January this year to reduce the extortion softwareRisk of attack.
People familiar with the matter revealed that banks were also required to strengthen the safe use of emails to prevent online fishing.
In November last year, the system of the American subsidiary of Industrial and Commercial Bank of China was attacked by extortion software, which caused some systems to interrupt and disturb the US Treasury bond market.The incident prompted the China State Administration of Finance to subsequently issue guidance, requiring large banks with overseas institutions to strengthen potential network attacks.
In addition, in order to improve the operational risk management level of bank insurance institutions, the State Administration of Finance Supervision of the China State Administration of Financial Supervision will revise and publish the operation risk management measures for bank insurance institutions on January 3, which will be implemented from July 1.
This document requires bank insurance institutions to manage the entire process of operating risks, and stipulates the basic requirements of internal control, business continuity management, network security, data security, business outsourcing management and other operational risksThe industry is required to establish the reporting mechanism of operating risks and major operational risk events.
