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China's cyber watchdog scolds Ant Financial over user privacy breach

Reuters  |  SHANGHAI 

SHANGHAI (Reuters) - China's cyber watchdog has scolded Ant Financial, Alibaba's payment affiliate, for compromising user privacy after many users of its Alipay service were automatically enrolled in its credit scoring system.The Cyberspace Administration of China (CAC) said in a statement it had summoned Ant Financial representatives to a meeting last Saturday and told them they had failed to meet the country's personal information security standards.The rap over the knuckles adds to a tough start to the year for Ant Financial which was recently blocked by U.S. regulators from acquiring ...

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First Published: Thu, January 11 2018. 12:46 IST
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