China slaps $1.18 bn fine on ride-hailing major Didi Global over national security
Elderly directors Will Cheng Wei and Jean Liu Qing were each fined 1 million yuan, the controller said, reports South China Morning Post. The CAC said in its statement that Didi committed 16 offences involving the illegal collection of data from motorists and passengers.
” They include the illegal processing of64.7 billion particular information entries over the span of seven times since June 2015,” the report said. The Chinese authorities initiated a cybersecurity inquiry into Didi, after it launched a$4.4 billion IPO in New York in June last time.
” The disquisition shook investor confidence in Chinese technology stocks. Since also, many Chinese companies have chosen to list in the US,” the report mentioned. ” Didi has failed to perform its duty to maintain cyberspace security, data security, and particular information protection a bringing serious pitfalls to public cyberspace security and data security,” the controller said.
” also, indeed with clear orders from nonsupervisory authorities to correct the issues, Didi failed to carry out comprehensive and in- depth rectifications. The nature of the offences was obvious,” it added. After cracking down on big internet companies like Alibaba and Tencent, China is now milling regulations that seek to classify online data grounded on significance like public security.
Didi was set up to have immorally collected nearly 12 million pieces of print information from druggies’ phones, 107 million entries of facial recognition data,53.5 million entries of age data,16.3 million entries of occupation data, and1.4 million entries of data about family relations. With crackdowns on Internet companies, China has also tensed mobile app development rules with stricter conditions for content and data protection.
” With the rapid-fire development and wider use of mobile apps, new situations and problems continue to crop , which bear( the rules) to be revised and bettered to acclimatize to new developments,” the Cyberspace Administration of China said last month. China will soon establish a hierarchical data bracket operation and protection system.
