On 8 September, the EU SME Centre published a report on Cybersecurity, Data and Personal Information Compliance for EU SMEs in China. The report creates awareness for new improvements and legislations concerning Chinese data security. Data form an essential element of business and innovation in the business world. During the last couple of years, China has improved its governance system for cybersecurity. What has changed and what does it mean for your business?
The new legislation is going to be implemented at the end of 2022. Changes were being made around the Cybersecurity Law (CSL), Data security law (DSL) and Personal Information Protection Law (PIPL). This affects everyone who uses Chinese data or Chinese databases. You can still do business as usual, especially if you are already GDPR-approved. The new rules will mostly affect Chinese domestic companies and multinationals.
As the compliance requirements have become more difficult, and the costs have risen, it is important for European SMEs to stay updated about the latest changes. To make it easier for you to navigate the new compliance requirements and to learn more about cybersecurity, consult the EU SME Centre report here.