Data safety risks rising for domestic firms, says PwC

Data safety risks are rising for Chinese companies with a growing number of firms reporting an increase in information security incidents due to the use of emerging technologies, a new report said on Tuesday.

Chinese companies tackled an average of 1,245 information safety cases this year, a 517 percent year-on-year increase, global accounting firm PricewaterhouseCoopers said in a survey. Customer data, internal records and intellectual property owned by energy, retail, technology and engineering enterprises were the most targeted, it said.

Samuel Sinn, cyber-security service partner at PwC China, said the wider adoption of young IT solutions, such as the Internet of Things - a technology that allows portal devices to transmit data via wireless networks - increased the chances of data leakage.