China is investing heavily in the cyber security market

2022-05-03 0 By

At present, the global network security situation is increasingly serious.The Ukrainian Cyber Security Center said the website of the Ministry of Defence, private bank and state-owned bank Oshadbank were all hit by DDoS (distributed denial of service attack).The government said there was no threat to depositors’ money and the attack focused on online banking applications.The Ukrainian Defense Ministry said in posts on Facebook and Twitter that repairs were under way.China’s network security has already risen to the height of national strategy.In 2016, cyber security was defined as the “fifth territory” of China’s national sovereignty.In 2021, China has issued the Network Security Law, Data Security Law, Personal Information Protection Law, Critical Information Infrastructure Protection Regulations and many other regulations, to regulate the development of the industry and create a good environment to escort.According to IDC, the investment scale of China’s network security market will reach US $9.78 billion in 2021, and is expected to grow to US $18.79 billion (RMB 119.1 billion) in 2025, with a five-year CAGR of 17.9%.According to goods association, according to the theme of library in the related listed companies: thou guohua subsidiary wisdom and you swim for professional mobile application security comprehensive service provider, focusing on mobile application security, for mobile application in security development testing, optimization, security release and application online operations, such as the whole life cycle phase to provide integrated solutions.Zhaori Technology is a national high-tech enterprise in the field of financial technology, focusing on the development and sales of mobile payment security products, bill security and paper pattern security technology. Its main customers are major banks in China.