Morgan Stan­ley blocks re­mote ac­cess for in­terns in China af­ter new cy­ber laws

The Daily Telegraph - Business - - Business -

◆ In­vest­ment bank Morgan Stan­ley has blocked in­terns based in China from ac­cess­ing its com­puter sys­tems re­motely amid con­cerns about the coun­try’s strict cy­ber­se­cu­rity laws, writes Michael O’Dwyer.

The Wall Street firm is ask­ing its in­terns in China to come to the of­fice rather than log­ging in from home like their coun­ter­parts at other banks, who are com­plet­ing their in­tern­ships re­motely. It is the lat­est sign of the grow­ing rift be­tween China and the West amid mount­ing pres­sure on Bei­jing’s com­mu­nist lead­er­ship over al­leged spy­ing, the treat­ment of mi­nor­ity Uighur Mus­lims and a crack­down on pro-democ­racy cam­paign­ers in Hong Kong.

As well as the dif­fi­cul­ties posed by cy­ber reg­u­la­tions, Morgan Stan­ley man­agers are con­cerned about the po­ten­tial vul­ner­a­bil­ity of the bank’s tech­nol­ogy in China, ac­cord­ing to the Fi­nan­cial Times.

A Morgan Stan­ley spokesman said: “We have been able to pro­vide an in-per­son ex­pe­ri­ence for our sum­mer in­terns in China this year, with the Covid-19 sit­u­a­tion sta­bil­is­ing.”

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