Are You Ready for the New China Cybersecurity Law?
Managing Director, Dan Whitaker discusses China’s comprehensive Cybersecurity Law and the implications it will have on businesses when it goes into effect in June 2017.
Preview: In December 2016, China passed a comprehensive Cybersecurity Law, expanding the country’s data localization requirement once it goes into effect this June and sparking heated debate among Chinese lawmakers. Some experts say even more legislation could be on the way. With China such an important emerging market for many multinational companies, law firms and legal departments should be as aware of this change as they are of, say, the EU’s General Data Protection Regulation, right? Not so, found one recent survey. In Consilio’s survey of 118 legal technology professionals at Legaltech New York, 75 percent of respondents said they are not familiar with China’s new Cybersecurity Law (found in English on China Law & Practice), with only 2 percent saying they were very familiar. Furthermore, just 14 percent said they are “very concerned” about this new law, despite 57 percent indicating that they had at least one legal matter in China over the past year.
This article originally appeared on Legaltechnews.com.