Synopsis​The Cyberspace Administration of China said data ​would be classified into four levels-core, important, sensitive general and routine general-based ​on importance, sensitivity ⁠and the potential ‌harm from leaks.China's cybersecurity ​administrators on Saturday moved ​to tighten the grading ​and classification of data in the financial information services sector in what it ‌said would ⁠strengthen data ⁠security management and regulate industry development.The Cyberspace Administration of China said data would be classified into four levels-core, important, sensitive general and routine general-based on importance, sensitivity ⁠and the potential ‌harm from leaks.The move was announced jointly ⁠with six other departments, including the People's Bank of China.China ​has in recent years strengthened its data security framework, moving from top-level legislation to more detailed, sector-specific rules."Financial information services ‌are developing in an orderly manner, and the volume of ​data ​is expanding ... ⁠which urgently requires standardised, classified and graded management," the guidelines said.The rules do ​not apply to data involving state secrets or military information. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now