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In a bid to assert control over cyberspace, China passed a sweeping cybersecurity law that affects virtually every company doing business in that country. The law is set to go into effect June 1, 2017. Despite its broad reach and potential for disruption, it appears that very few legal professionals are aware of the law.
A 2017 survey by Consilio showed that just a quarter of legal tech professionals are aware of the law. Just 2% are “very aware” and a scant minority (14%) are “very concerned.”
More worrying, the majority of the respondents (57%) said they had at least one legal matter that touched China within the last two years. More than a quarter of respondents (27%) said their organizations were involved in at least 10 legal matters that touched China over the same period.
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