Chinese Banks Told to Stop Using IBM Servers in US-Spying Aftermath: Report

Advertisement
By Reuters | Updated: 27 May 2014 14:13 IST
The Chinese government is pushing domestic banks to remove high-end servers made by International Business Machines Corp and replace them with a local brand, the latest move by Beijing over U.S. spying claims, Bloomberg reported on Tuesday.

The news comes a day after China accused the United States of "unscrupulous" cyber surveillance that included large-scale computer attacks against the Chinese government and Chinese companies.Government agencies, including the People's Bank of China and the Ministry of Finance, are reviewing whether Chinese commercial banks' reliance on the IBM servers compromises the country's financial security, the report said citing people familiar with the matter.

A spokesman at the National Development and Reform Commission said the country's top economic planner has not told companies to change their IBM servers, nor received orders from higher levels of the government to do so.

Advertisement

Officials at IBM were not immediately available for comment.

The central bank and the finance ministry did not immediately respond to request for comment when contacted by Reuters.

Advertisement

The results of the government review will be submitted to a working group on Internet security chaired by Chinese President Xi Jinping, Bloomberg reported.

Sources at China's "big four" state-owned banks said they had no knowledge of the reported pressure for a technology change, saying any replacement of banks' systems is not an easy task.

Advertisement

"We haven't heard about the order," an official at one of the bank's IT department said, declining to be identified because he is not allowed to speak to the media.

"There aren't any locally made hardware around that can handle the massive amount of data in the banking industry."

Advertisement

China told its state-owned enterprises to sever links with American consulting firms just days after the United States charged five Chinese military officers with hacking U.S. companies, the Financial Times reported on Sunday.

© Thomson Reuters 2014

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. Alienware 15 Arrives on Flipkart: Is This the Ultimate Mid-Range Gaming Powerhouse?
  2. Poco X8 Power, X8 With 50-Megapixel Camera Debut in India: See Prices
  3. Xiaomi Power Bank 20000mAh 165W to Launch in India On This Day
  4. Xiaomi Smart Band 11 Active With a 1.47-Inch Screen Debuts: See Price
  5. Luna Band Goes on Sale Globally: Price in India, Features
  1. IFA 2026: Lenovo Unveiled New IdeaPad, Yoga and ThinkBook Laptops
  2. IFA 2026: Nvidia RTX Spark PCs, Local AI Tools Announced With October Launch Planned
  3. WhatsApp Reportedly Rolling Out Third-Party AI Agent Chats to Android Users
  4. Luna Band Now Available Globally: Check Price in India, Specifications and Features
  5. Pocket Bitcoin Data Breach Exposes Personal and Financial Information of 5,411 Customers
  6. Google Pixel Watch 5 Stephen Curry Special Edition Goes on Sale: Price, Features and More
  7. IFA 2026: Noise Master Buds Open With Sound by Bose Technology Unveiled
  8. Binance Warns of Phishing Scam Targeting Crypto Users With Fake Account Security Alerts
  9. Oppo Find X10 Pro Max, Find X10 India Launch Seems Imminent as Phones Appear on Certification Site
  10. Xiaomi Smart Band 11 Active Launched With Up to 21 Days of Battery Life; Smart Band 11 Price, Features Revealed
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.