Mediacorp Pte Ltd. All rights reserved.This service is not intended for persons residing in the EU. Such rules can obviously have trade implications.These regulations could be used to protect one’s own industry, and could become a barrier against international trade and investment. The ISF is the leading authority on cyber, information security and risk management Our research, practical tools and guidance address current topics and are used by our Members to overcome the wide-ranging security challenges that impact their business today. When it comes to keeping information assets secure, organizations can rely on the ISO/IEC 27000 family. Data is becoming increasingly important for economic activity, and China is at the forefront of the digital economy, most notably ecommerce and digital finance.At the same time, there is growing demand, even in China, for protection of personal data and information.And there are growing concerns from governments how data, if in the wrong hands, could endanger national security. Therefore, data protection regimes would normally include rules on data transfer to other countries. meREWARDS lets you get coupon deals, and earn cashback when you complete surveys, dine, travel and shop with our partners.China’s initiative could be a useful guide for countries in developing their own legal framework, but expect pushback from the United States, says East Asia Institute’s Bert Hofman.SINGAPORE: Data security and trade in data have become a major bone of contention between the United States (US) and China in a conflict that started as a trade tussle but is rapidly sliding towards a new cold war.Concerns over access to data by the Chinese government has led the US to impose measures on companies that use US technologies to supply Huawei, a leading Chinese telecoms company.It has also leaned on countries around the world to exclude Huawei from its 5G network for reasons of data security risks.In August, the Trump Administration announced that for national security concerns, it would ban the popular video networking TikTok app.A similar move was announced for WeChat, the popular app that allows users to perform multiple tasks, from communications to ecommerce to payments.The argument was that both apps could divert data of US citizens to the Chinese government.The purge of the two apps was part of the US’ “Clean Network” initiative, which, according to statements by the US State Department, has already signed up more than 30 countries though these remain as of yet unidentified.China itself tightly controls and censors its cyberspace through the Great Firewall, and has banned access of major US firms such as Twitter, Facebook and Google.Its 2017 Cybersecurity law raised concerns about the protection of personal data, as the law requires companies in China to hand over data if requested by the authorities.The establishment of the Social Credit Schemes aimed at providing individuals with incentives for good behaviour, and which relies on large data collection efforts, has further raised concerns regarding the protection of personal data in China.The EU Chamber of Commerce recently raised issues with China’s overall cybersecurity legal framework. Think Tank Under Fire for Hosting Top Iranian Official,Report: Iran Plotting to Assassinate U.S. The Department of Justice charged two Iranians on Wednesday with engaging in a wide-ranging state-backed cyber espionage campaign targeting national security intelligence and nuclear information.The "coordinated cyber intrusion campaign" was conducted by the hackers at the behest of the Iranian government, according to the DOJ. The superpowers could then decide whether they want to get on board with those principles in due course.It looks like the email address you entered is not valid.Copyright© Mediacorp 2020. Our flagship product, SIMS, has protected classified and high-value information for security stakeholders since 1983. Information security news with a focus on enterprise security. SANS is the most trusted and by far the largest source for information security training in the world. The Department of Justice charged two Iranians on Wednesday with engaging in a wide-ranging state-backed cyber espionage campaign targeting national security intelligence and nuclear information. Ambassador to South Africa,Iran Behind Hack Attacks, Online Disinformation Campaigns to Boost Biden,Iran Caught Stockpiling Enriched Uranium Needed for Bomb,Trump Calls on Iran to Halt Iranian Wrestler’s Execution,Facebook Censors Unedited Video of Biden Posted by Trump Campaign,Cal Cunningham Fuels Anti-Vaccine Conspiracies, Says He’d Be ‘Hesitant’ to Take,CA Dem Abstains from Voting on Controversial Bills Amid Congressional Run,Biden Stumbles Over His Words, His Notes, and His Facts.