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China’s cyber watchdog scolds Ant Financial over user privacy breach

Posted on January 16, 2018 by Dissent

Reuters reports:

Jan. 10 – China’s cyber watchdog has scolded Ant Financial, Alibaba’s payment affiliate, for compromising user privacy after many users of its Alipay service were automatically enrolled in its credit scoring system.

The Cyberspace Administration of China (CAC) said in a statement it had summoned Ant Financial representatives to a meeting last Saturday and told them they had failed to meet the country’s personal information security standards.

Read more on Reuters.

Category: Business SectorCommentaries and AnalysesFinancial SectorNon-U.S.

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