Compliance and Cybersecurity
The Chinese government has introduced a set of new laws and regulations that are of great importance to foreign companies, as compliance requirements were significantly tightened. As a result, the "Cyber Security Law" demands higher standards in regards to the protection of customer data in China, while the "Social Credit System" will soon require not only Chinese citizens, but also (foreign) companies operating in China to disclose confidential data.
Time to Act
The current situation challenges Western companies to identify and track legal violations, to detect security risks in the corporate network and web applications (e.g. online stores) and to proactively protect themselves against future attacks.
Working closely together with cybersecurity experts, CHINABRAND supports German and European companies in carrying out the following important tasks:
- Research and analysis on relevant laws and requirements in the areas of compliance, data security, and anti-corruption
- Examination of clients’ existing infrastructures in China regarding Chinese requirements for data security (e.g. penetration test, white hacking)
- Selection of measures and tools in order to adjust to new guidelines
- Conception and conduction of compliance trainings for Chinese and Asian subsidiaries
- Implementation of compliance management systems
A German company in the steel construction industry discovered fraud and theft of know-how in its Chinese subsidiaries. CHINABRAND carried out on-site investigations to find out who was responsible. By conducting a number of personal interviews, our experienced Chinese investigators and project managers could successfully expose the offender. In this case, the smart choice of interview partners contributed most to the investigation's success – we have received decisive information about the source of the know-how leak from the driver of a top manager.
A Swiss market leader in mechanical engineering examined potential joint venture partners and henceforth, assigned CHINABRAND to conduct compliance due diligence analysis in China. Here, interviews with experts as well as field investigations concerning the companies’ situation and their reputation within the industry were of great significance. The results of our desktop research and on-site investigations contributed significantly to the choice of the later partner.
For the German world market leader in the cleaning machinery industry, we conducted seminars about knowledge protection in one of its Chinese plants. Not only could we identify potential compliance risks, but furthermore develop and implement appropriate measures to minimize them.