Flagging “national security” as the reason, China has rolled out new restrictive data laws to rein in the country’s giant tech sector. Laying down responsibilities for data handling, the laws specifies fines up to $1.55M, for a range of offenses like data leaks, failure of verification, etc. Cross-border data transfer is also tough, with organisations forbidden to hand over data to foreign law authorities without the content of Beijing.

Source: Money Control