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5 Cybersecurity Stories You Need to Know Now, June 27

It’s Monday, and it’s almost July if you can believe it. But even though you may feel like you’re in summer vacation mode with the Fourth of July just around the corner, hackers really don’t seem to take a holiday. Here are the 5 cybersecurity stories you need to know as you start your week.

  1. China Is Another Step Closer to Controversial Cybersecurity Law

Here’s something to keep you up at night: China is going through the steps to bring a controversial cybersecurity draft law into practice, which would require network operators to “comply with social morals and accept the supervision of the government and public” according to a report by Fortune. The law would also require data belonging to Chinese citizens to be stored domestically. It is not clear when it will be passed as parliament just held a second draft reading of the bill, but it will be something to watch closely if you do business in China.

SEE ALSO: U.S. Closely Eyeing China’s Corporate Hacking Vow, Official Says

2. Intel Considers Sale of Cybersecurity Division: Report

Intel is looking at selling its Intel Security division which it formed after acquiring McAfee back in 2010. The deal could fetch the company – which is shifting away from PCs to data centers and IoT – as much as the $7.7 billion it paid six years ago.

3. Everyone’s Waiting for the Next Cybersecurity IPO

Cybersecurity is hot, but there still have only been two US tech IPOs this year. An uncertain market is keeping would-be IPOs from moving forward, according to a report by Fortune, putting a damper on “an otherwise vibrant cybersecurity sector.”

READ MORE: Dell’s Cybersecurity Unit SecureWorks Files for IPO

4. Security Sense: The Ethics and Legalities of Selling Stolen Data

The WHIR sister site Windows IT Pro has a really interesting take on the mass data breaches we’ve been seeing lately (think LinkedIn, MySpace) and the ethics around those selling the data, challenging common defenses used by those who profit off stolen credentials. It’s definitely worth a read.

5. How Healthcare Cybersecurity is Affected by Cyber Sharing Law

The Cybersecurity Act was signed into law in December 2015 and several industry stakeholders gathered earlier this month to discuss its impact on healthcare cybersecurity, according to a report by HealthITSecurity. If you’ve got clients in the healthcare sector, you will want to take a look for sure.

Source: TheWHIR