Aman Johal, Lawyer and Director of Your Lawyers, shares the lessons that UK businesses can learn from Chinese ride-hailing company Didi’s recent cybersecurity review.
In the latest escalation of Chinese authorities cracking down on its tech sector, one of the biggest ride-hailing services, Didi Chuxing, is now under investigation by the country’s internet regulator. It follows other recent actions from the government aimed at online marketplace Alibaba, and social networks Tencent and Bytedance.
The announcement of a so-called “cybersecurity review” by China’s Cyberspace Administration saw Didi’s shares plummet in the US, two days after its IPO. The review is intended to “safeguard national data security, maintain national security and protect public interest”, and the regulator also rescinded Didi’s ability to accept new registrations. The regulator’s ruling shows the impact perceived cybersecurity risks can have on a business, let alone its consumers. But what are the lessons for British businesses?
The business costs of a cybersecurity threat
The…
