After a huge leak of personal data that could be the largest cyberattack in the country's history, the cabinet of Bloomberg stressed the need to strengthen information security.
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A State Council meeting led by Premier Li Keqiang emphasized the need to improve security management provisions, raise protection abilities, protect personal information, privacy and commercial confidentiality in accordance with the law, according to the official Xinhua News Agency. The report didn't mention the hack, and other state media agencies have so far been silent about the incident.
Earlier this week, unknown hackers claimed to have stolen data on as many as a billion Chinese residents after breaching a Shanghai police database. The purported theft of more than 23 terabytes of information has exposed potential data and security lapses and set the technology industry abuzz.
Daron Hartvigsen, managing partner at StoneTurn, said that China is long overdue for a breach of this scale. China is often disregarded as a viable target for criminal cyber-exploitation. Threat actors focus on targets that are likely to cave to ransom and extortion demands. It is not clear if this business model will result in similar financial returns in China. There are questions about how the unknown hackers got access to the trove run by the Ministry of Public Security s Shanghai branch, according to online posts, which included data detailing user activity from most popular Chinese apps, addresses and phone numbers. A seller had asked for 10Bitcoin, worth around $200,000, in exchange for the data.
President Xi Jinping has long identified data as a key for governing and driving Asia's largest economy. According to the report, the meeting on Wednesday discussed the need to investigate and address activities that abuse information and violate the legitimate rights of individuals and enterprises.
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