China's lack of cyber security can result in "collapse of the financial system"

China's lack of cyber security can result in "collapse of the financial system"

China needs its computer systems security to be supported in order to be protected from cyber attacks. As the state-run China Daily newspaper reported today, the security system is not enough defended against intrusion from hackers.

It’s also said in the report that while China has been slow in recognizing the importance of the issue, the USA has placed cyber security high on its national security agenda. 

There are over 300 million Internet users in China, which has one of the world's largest information infrastructures. 

As non-traditional security specialist Yu Xiaofeng claims "In a worse-case scenario, a security breach could result in the breakdown of the energy supply and collapse of the financial system, not to mention a collapse of the national defense capability.