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Companies refuse to accept Hong Kong data-sharing proposal

17.07.2020
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Datacentres could move out of the territory if new regulation is imposed

US Cloud providers including Google, Amazon and Microsoft are resisting plans to allow Hong Kong authorities to access customer financial data held on their platforms, reports the Financial Times. Negotiations have been under way since last year, but the introduction of the new security law in the territory has made signing up to the proposal ‘politically impossible’, according to the newspaper’s sources. Under the national security law, company executives could face fines and jail terms if they refuse to comply with data requests.  Banks are concerned that if US cloud providers leave Hong Kong, they will be forced to switch to local providers or revert to using less secure on-premise servers, says the paper.

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US Cloud providers including Google, Amazon and Microsoft are resisting plans to allow Hong Kong authorities to access customer financial data held on their platforms.

Theme:
Privacy, Safety, Security
Region:
Asia Pacific
Series:
Regulatory Watch
Digital economy
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