Market Chatter: Baidu Supports Government-Led Alliance to Combat Unauthorized Data Access
Baidu (HKG:89888) said it supports the establishment of an anti-unauthorized data access alliance, guided by the Chinese government, reported The Standard on Friday.
This move follows rumors of a doxxing incident involving the daughter of one of its vice presidents, according to the local daily.
The initiative aims to enhance data privacy protection, crack down on illegal data theft and leaks, and strengthen cybersecurity measures to create a safer online environment, the report said.
In addition, Baidu has established a special fund dedicated to combating cybercrime, focusing on protecting individuals' legal rights and corporate data security, added the report.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
No relevant data is available