China’s cybersecurity administrators have moved to tighten the grading and classification of data in the financial information services sector. 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.

The guidelines do not apply to data involving state secrets or military information. The rules aim to standardize, classify, and grade the management of financial information services, which are developing in an orderly manner, with an expanding volume of data.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.