CrowdStrike-Microsoft outage: China avoids disruption on back of cybersecurity drive

Quick Summary:

Emerging largely unharmed from the global tech disruption shows that mainland China’s push for safe and controllable’ computing systems has paid off.

China’s cybersecurity market was projected to grow 13.5 per cent annually from 2022 to reach US$23 billion by 2027, faster than the global industry’s annual growth of 11.7 per cent in the same period, according to tech market research firm IDC.

QAX, a spin-off from the enterprise business of Shenzhen-listed 360 Security Technology, said organisations on the mainland should “prioritise domestic suppliers” of cybersecurity software, “especially given the current complex international environment”.

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Article Details

Author / Journalist: Coco Feng

Category: Business

Markets: Hong KongChinaUnited States

Topics: Software Cloud Microsoft’s Systems Security Cybersecurity Tech Outage Services Global Crowdstrike

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 21:00:15 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 729 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21728625

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