The countdown is on - Chinese firms now have just an hour to report cybersecurity incidents

• Chinese firms will only have an hour to report severe cyber incidents
• Those who don't comply face fines
• This comes as organizations around the world face huge ransomware risks

New regulations in China mean that firms now have just an hour to report cybersecurity incidents which would fall into ‘particularly serious’ or ‘serious’ categories.

The Cyberspace Administration of China has rolled out these strict new rules, set to start November 1 to tighten up their security response.

To fall under the highest degree of severity, the incident could disrupt over 50% of the province’s population, or involve the needs of over 10 million people in daily life, like utilities, healthcare, transport, or groceries. It could also involve portals of provincial or higher officials or government agencies, or involve key national news sites.