China's New Rules Ask Tech Firms to Hand Over Source Code

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17 pointsjaoued3 comments

The rules only apply to companies selling computer products to Chinese banks

That's a hell of an aside... almost enough so that it might belong in the title.

That depends on how strictly it is applied. Imagine a bank decided to buy iphones for all employees. Or what about all the little electronic devices already in place in a bank building. Locks, fire protection, power control, security circuits, cameras, routers, office computers + accessories, etc. etc. etc.

Banks need a LOT of technology.

Also consider the consequences of government employees having backdoors into every single part of the banking system, PLUS the public at large (including many techy people) having knowledge that such backdoors exist.

Microsoft already does this under it's Government Security Program. The backdoor stuff is up for debate though as obviously no one knows ;)

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