Guangdong regulator finds fault in banks’ apps over data privacy

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Local authorities in southern China have found fault with hundreds of smartphone applications that infringed the privacy of their customers’ data, underscoring the risks lurking in the world’s largest fintech market.Banks and financial service providers made up 30 of the 201 apps that were reprimanded by the Guangdong Communications Administration (GCA) for breaches in data privacy, according to a statement.Offences highlighted by the local authority were unauthorised access to users’ IP…

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