Morgan Stanley has blocked its interns in China from logging on remotely to the bank’s virtual network as foreign companies become increasingly concerned about Beijing’s tough cyber security rules.
China’s cyber security legal regime covers everything from how data are stored to the kind of hardware used and what can be posted online, with stiff penalties meted out to offenders.
The Wall Street bank was basing its interns in China in its offices in the country, where 80 per cent of its staff had returned to work, instead of giving them remote access to work from home, two people familiar with the situation told the Financial Times.
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