Cyberspace Watchdog Proposes Tougher Penalties for Data Breaches

What’s new: China’s internet watchdog has published a draft of a revised Cybersecurity Law that would step up the financial penalties for violating data privacy and security rules.

The Cyberspace Administration of China (CAC) on Wednesday revealed a series of amendments to the law, including raising the cap of fines from 100,000 yuan ($14,467) to 1 million yuan for various cybersecurity violations, including those that could “endanger network operation security.”