China wakes up to wide web of online data leaks and privacy concerns
- Some 468 million pieces of personal information were mined from financial lending platform databases and sold to smaller lenders in latest breach
- In country where apps and state surveillance are unavoidable, many worry about security, but some ‘just believe or assume that all hope is lost’
Chinese internet users got a wake-up call in November, when a state media report revealed that 468 million pieces of personal data had been leaked.
State broadcaster CCTV reported that the data was illegally mined from financial lending platform databases by a web of small-scale tech firms. Those firms then sold the information to other small-scale lenders for as little as 0.1 yuan (1 US cent) per piece. The worst offender, third-party credit assessment firm Beijing Koala Credit Service, illegally obtained more than 100 million pieces of personal data.
The government cracked down on more than 600 apps that collected illegal and excessive amounts of user data without consent last year, but the move did little to stem concerns about information security and privacy in China, where 854 million people are online.