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Chinese FIs are “at least on par” with Western counterparts in cybersecurity: Hogan Lovells

In the face of fierce competition with advanced cashless payment systems and virtual banking models, Chinese financial institutions are “at least on par” with their Western counterparts in terms of cybersecurity and technological development, according to Hogan Lovells. The Hong Kong based international law firm holds that despite having rather vague and only recently developed regulations on cybersecurity and personal…

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