Morgan Stanley Blocks Remote Network Access for Chinese Interns

[Asia Economy Reporter Park Sun-mi] According to British media citing sources on the 23rd, the American investment bank Morgan Stanley has blocked remote virtual network access for its intern employees in China due to concerns over China's tightened cybersecurity crackdown.

Sources explained, "Morgan Stanley's interns in China were supposed to access the remote network along with other global employees, but due to concerns about China's cybersecurity, the interns' remote network access was blocked," adding, "The potential vulnerabilities in China's technical systems were also a concern from the bank's perspective."

Sources added, "China's Cybersecurity Law entails severe penalties, and foreign banks are usually clear targets of surveillance," further stating, "Therefore, banks do not want interns to remotely access virtual networks in environments that cannot be supervised."

Enacted in June 2017, China's Cybersecurity Law covers everything from how data is stored, the types of hardware used, to the content posted online. Recently, with stricter enforcement of the law, Chinese authorities have been imposing severe punishments when legal issues are identified.

In particular, the newspaper reported that as US-China relations deteriorate and cybersecurity issues have become a sensitive matter between the two countries, foreign banks have no choice but to be more cautious about China's stringent cybersecurity laws.

This content was produced with the assistance of AI translation services.