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