China Pressures Its Banks To Abandon P ...

China Pressures Its Banks To Abandon P …

May 28, 2014

Olympic Square - IBM HeadquartersThe Chinese idea is to replace them with local brand servers, a move that comes after the government of Beijing has accused the United States of practicing cyber-surveillance actions against Chinese companies and the country’s public administrations.

The problem with this measure is that it would not be easy to implement it, since at the moment no Chinese company has the necessary infrastructure to be able to manage the enormous amount of data that financial institutions produce.

In any case, the People’s Bank of China and the Ministry of Finance are analyzing whether the presence of IBM servers in these companies and organizations is affecting the financial security of the yellow giant.

Via China pressures its banks to abandon IBM products after spying controversy – Silicon News.

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