Tough security tests for banks' foreign suppliers

[InfoSec News <alerts () infosecnews org>]

http://www.scmp.com/news/china/article/1697491/tough-security-tests-banks-foreign-suppliers

Reuters in Beijing and San Francisco
01 February, 2015

Draft Chinese government regulations would force overseas technology 
vendors to meet stringent security tests before they can sell to China's 
banks, an acceleration of efforts to curb the country's reliance on 
foreign technology that has drawn a sharp response from US business 
groups.

But a translation of the proposed rules shows its immediate impact on 
foreign firms may not be as tough as feared.

The draft shows the regulation would initially focus on types of hardware 
and software where domestic suppliers already have a strong market 
position compared with their foreign rivals.

Western companies say the rules have not yet been formally adopted and 
some said they believed Beijing would retreat on some of the most onerous 
ideas, including demanding that firms' proprietary source code be 
reviewable.

Chinese leaders are to review the plan next week, US tech industry sources 
said.

[...]



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