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Beijing tells Chinese firms to stop using US and Israeli cybersecurity software: Reuters
Chinese regulators cite risks of data transmission abroad and intensify efforts to substitute Western cybersecurity software with domestic alternatives amid U.S.-China tech rivalry.
- On Jan 14, Chinese authorities told domestic companies to stop using cybersecurity software from roughly a dozen firms from the U.S. and Israel, citing national security concerns, two people briefed said.
- Amid U.S.-China tech rivalry, Chinese regulators cited fears the software could collect and transmit confidential information abroad, aligning with China's push to replace Western-made technology while building semiconductor and artificial intelligence sectors.
- Reuters found the named companies and Chinese regulators did not reply to queries, including Broadcom-owned VMware, Palo Alto Networks, Fortinet and Check Point Software Technologies.
- Beijing's notice could accelerate replacement of Western-made computer equipment and software with domestic alternatives, disrupting Chinese firms relying on these products and hitting named vendors like Broadcom-owned VMware.
- This action fits the prolonged U.S.-China technological rivalry as Chinese analysts note it is unusual for governments to restrict widely used cybersecurity software and Western office and computing tools.
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Cybersecurity stocks fall, but an analyst wonders if China fears are just ‘fake news’
Shares of Fortinet, Palo Alto Networks and other cybersecurity players dropped on news of a reported crackdown from Beijing. Article Attribution | Read More at Article Source The post Cybersecurity stocks fall, but an analyst wonders if China fears are just ‘fake news’ appeared first on RocketNews.
Chinese authorities have expressed concern about the possibility of the software collecting and transmitting confidential information abroad.
·Brazil
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The Times of Israel+11 Reposted by 11 other sources
Beijing tells Chinese firms to stop using US and Israeli cybersecurity software
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·Jerusalem, Israel
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Total News Sources44
Leaning Left4Leaning Right9Center7Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
L 20%
C 35%
R 45%
Factuality
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